Retail & Shops · lender intelligence

How to finance a Hardware Hank in Minnesota

State:

Montana (1)North Dakota (1)Wisconsin (3)

The SBA 7(a) lenders funding the most Hardware Hank deals in Minnesota, from public loan records — typical Hardware Hank loan about $795K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Hardware Hank in Minnesota

$444K

Typical loan

range $279K–$970K

$493K

Est. purchase price

≈ loan ÷ 90%

$65,910

Cash to close

$49,278 down + fees

$5,739/mo

Typical payment

~9.5% · 10yr

$79,198/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

32 days

Typical time to fund

Lenders competing

more = leverage

5.94%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Hardware Hank in Minnesota

Ranked by funded Hardware Hank loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.

1.26 loans · $22M · Foley, MNFull record →
2.10 loans · $2M · Elk River, MNFull record →
3.34 loans · $19M · Arden Hills, MNFull record →

4+ funded Hardware Hank in Minnesota deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Hudson & Hudson Company in Zimmerman, MN — $444K (2021) · purchase · The Bank of Elk River
Program
Preferred Lenders Program
Rate at approval
4.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$399K (90%)
Approval → funding
6 days
Approved
5/20/2021
First disbursed
5/26/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$493K
Est. down payment (10%)
$49K
Est. cash at closing
$66K
Monthly payment
$4,543
Annual debt service
$55K
Cash flow needed (1.25×)
$68K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Bank of Elk River · Lender record →
Your business? Claim this record · Request removal
WipperBLS Inc in Clear Lake, MN — $970K (2020) · Falcon National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
196 months
SBA guaranteed
$728K (75%)
Approval → funding
36 days
Approved
10/25/2019
First disbursed
11/30/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Gasoline Stations with Convenience Stores
Funded by Falcon National Bank · Lender record →
Your business? Claim this record · Request removal
Cuda Enterprises, Inc. in Braham, MN — $279K (2020) · Frandsen Bank and Trust
Program
7a General
Rate at approval
6.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$209K (75%)
Approval → funding
11 days
Approved
11/19/2019
First disbursed
11/30/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Unanswered
Industry
Hardware Stores
Funded by Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
WipperBLS Inc in Clear Lake, MN — $100K (2020) · purchase · Falcon National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approval → funding
32 days
Approved
10/29/2019
First disbursed
11/30/2019
Loan status
Paid in full (11/30/2024)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Change of Ownership
Industry
Gasoline Stations with Convenience Stores
If you were the buyer here
Est. deal size
$111K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$1,174
Annual debt service
$14K
Cash flow needed (1.25×)
$18K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Falcon National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Hardware Hank in Minnesota? Start with a lender that funds them here

We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Hardware Hank loans with a Minnesota project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Hardware Hank purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Falcon National Bank funds the most here. CapBench is not a lender.

$795K typical Hardware Hank loan
3 lenders active in Minnesota
4+ funded Minnesota deals
32 days typical to fund

Buyers buying a Hardware Hank in Minnesota typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Hardware Hank lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-23.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/hardware-hank/minnesota
API:: https://www.capbench.com/api/public/lenders?franchise=hardware-hank&state=MN
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.