Lender intelligence

Financing a hardware stores acquisition in Indiana

State:

The SBA 7(a) lenders funding the most hardware stores acquisitions in Indiana, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

Deal economics— what it takes to buy & finance hardware stores in Indiana

$805K

Typical loan

range $150K–$1.46M

$894K

Est. purchase price

≈ loan ÷ 90%

$122,650

Cash to close

$89,444 down + fees

$10,417/mo

Typical payment

~9.5% · 10yr

$143,755/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

26 days

Typical time to fund

Lenders competing

more = leverage

5.57%

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 in hardware stores · Indiana

Ranked by funded hardware stores acquisitions in Indiana. Tap a lender for its full record, or hit Get in touch for an introduction.

1.1,296 loans · $1.4B · Wilmington, NCFull record →
2.15 loans · $4M · Waverly, NEFull record →
3.2,539 loans · $965M · Columbus, OHFull record →
4.9 loans · $10M · Warren, PAFull record →

7+ funded Hardware Stores in Indiana 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.

Stevenson's Ace Hardware, Inc. in Crawfordsville, IN — $2.6M (2021) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
299 months
SBA guaranteed
$2.4M (90%)
Approval → funding
36 days
Approved
9/16/2021
First disbursed
10/22/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
50
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$2.9M
Est. down payment (10%)
$292K
Est. cash at closing
$402K
Monthly payment
$16,539
Annual debt service
$198K
Cash flow needed (1.25×)
$248K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Hadwell Hardware, LLC in Trafalgar, IN — $1.5M (2021) · purchase · Horizon Bank
Program
7a General
Rate at approval
4.25% variable
Term
240 mo (20 yrs)
SBA guaranteed
$1.3M (90%)
Approval → funding
20 days
Approved
9/9/2021
First disbursed
9/29/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$1.6M
Est. down payment (10%)
$162K
Est. cash at closing
$223K
Monthly payment
$9,045
Annual debt service
$109K
Cash flow needed (1.25×)
$136K
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 Horizon Bank · Lender record →
Your business? Claim this record · Request removal
Hadwell Hardware, LLC in Trafalgar, IN — $150K (2021) · purchase · Horizon Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$113K (75%)
Approval → funding
15 days
Approved
9/15/2021
First disbursed
9/30/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$167K
Est. down payment (10%)
$17K
Est. cash at closing
$21K
Monthly payment
$2,068
Annual debt service
$25K
Cash flow needed (1.25×)
$31K
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 Horizon Bank · Lender record →
Your business? Claim this record · Request removal
Stevenson's Ace Hardware, Inc. in Crawfordsville, IN — $150K (2021) · purchase · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$113K (75%)
Approval → funding
36 days
Approved
9/16/2021
First disbursed
10/22/2021
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
50
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$167K
Est. down payment (10%)
$17K
Est. cash at closing
$21K
Monthly payment
$1,647
Annual debt service
$20K
Cash flow needed (1.25×)
$25K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Musolf Hardware, LLC in Noblesville, IN — $851K (2020) · purchase · National Cooperative Bank, National Association
Program
7a General
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$638K (75%)
Approval → funding
26 days
Approved
9/4/2020
First disbursed
9/30/2020
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$945K
Est. down payment (10%)
$95K
Est. cash at closing
$130K
Monthly payment
$9,336
Annual debt service
$112K
Cash flow needed (1.25×)
$140K
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 National Cooperative Bank, National Association
Your business? Claim this record · Request removal
BD GEORGIA, LLC in Mitchell, IN — $805K (2020) · purchase · Northwest Bank
Program
7a General
Rate at approval
7.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$604K (75%)
Approval → funding
98 days
Approved
4/28/2020
First disbursed
8/4/2020
Loan status
Paid in full (11/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$894K
Est. down payment (10%)
$89K
Est. cash at closing
$123K
Monthly payment
$5,949
Annual debt service
$71K
Cash flow needed (1.25×)
$89K
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 Northwest Bank · Lender record →
Your business? Claim this record · Request removal
DABCEF, LLC in Mentone, IN — $302K (2020) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
204 mo (17 yrs)
SBA guaranteed
$226K (75%)
Approval → funding
6 days
Approved
9/18/2020
First disbursed
9/24/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$335K
Est. down payment (10%)
$34K
Est. cash at closing
$45K
Monthly payment
$2,322
Annual debt service
$28K
Cash flow needed (1.25×)
$35K
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 Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Financing a hardware stores deal in Indiana? Start with the right lender

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to hardware stores businesses with a Indiana project address.

Agent summary

How to finance a hardware stores acquisition in Indiana with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Indiana deals. Live Oak Banking Company funds the most here. CapBench is not a lender.

$887K typical loan
5 lenders active in Indiana
7+ funded Indiana deals
26 days typical to fund

Buyers buying a hardware stores in Indiana typically pre-qualify, then ask CapBench to introduce a lender active 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 stores lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/hardware-stores/indiana
API:: https://www.capbench.com/api/public/lenders?industry=hardware-stores
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.