Lender intelligence

Financing a hardware stores acquisition in Minnesota

State:

The SBA 7(a) lenders funding the most hardware stores acquisitions in Minnesota, 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 Minnesota

$444K

Typical loan

range $100K–$558K

$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

13 days

Typical time to fund

Lenders competing

more = leverage

4.04%

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 · Minnesota

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

1.31 loans · $11M · Green Bay, WIFull record →
2.10 loans · $2M · Elk River, MNFull record →

7+ funded Hardware Stores 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.

Harris Family Hardware, LLC in Lake Elmo, MN — $100K (2022) · purchase · Nicolet National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approval → funding
39 days
Approved
12/23/2021
First disbursed
1/31/2022
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
24
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$111K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$1,024
Annual debt service
$12K
Cash flow needed (1.25×)
$15K
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 Nicolet National Bank · Lender record →
Your business? Claim this record · Request removal
Owata Nelson Company in Coon Rapids, MN — $2.4M (2021) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
3.6% fixed
Term
300 mo (25 yrs)
SBA guaranteed
$1.8M (75%)
Approval → funding
42 days
Approved
12/17/2020
First disbursed
1/28/2021
Loan status
Paid in full (1/31/2026)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$2.7M
Est. down payment (10%)
$269K
Est. cash at closing
$371K
Monthly payment
$12,258
Annual debt service
$147K
Cash flow needed (1.25×)
$184K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
MAC Hardward LLC in Saint Paul, MN — $558K (2021) · purchase · 21st Century Bank
Program
Preferred Lenders Program
Rate at approval
4.15% fixed
Term
300 mo (25 yrs)
SBA guaranteed
$418K (75%)
Approval → funding
0 days
Approved
12/14/2020
First disbursed
12/14/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$619K
Est. down payment (10%)
$62K
Est. cash at closing
$83K
Monthly payment
$2,989
Annual debt service
$36K
Cash flow needed (1.25×)
$45K
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 21st Century Bank · Lender record →
Your business? Claim this record · Request removal
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
Owata Nelson Company in Coon Rapids, MN — $100K (2021) · purchase · Old National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
3.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approval → funding
13 days
Approved
12/17/2020
First disbursed
12/30/2020
Loan status
Paid in full (2/28/2026)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
15
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$111K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$977
Annual debt service
$12K
Cash flow needed (1.25×)
$15K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
Janson's Hardware LLC in Pierz, MN — $95K (2021) · purchase · Unity Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
4.8% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$48K (50%)
Approval → funding
1 days
Approved
4/8/2021
First disbursed
4/9/2021
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
$106K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$998
Annual debt service
$12K
Cash flow needed (1.25×)
$15K
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 Unity Bank · Lender record →
Your business? Claim this record · Request removal
SCMN Ace LLC in St. Charles, MN — $450K (2020) · purchase · Old National Bank
Program
Preferred Lenders Program
Rate at approval
4% variable
Term
120 mo (10 yrs)
SBA guaranteed
$338K (75%)
Approval → funding
7 days
Approved
7/24/2020
First disbursed
7/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Change of Ownership
Industry
Hardware Stores
If you were the buyer here
Est. deal size
$500K
Est. down payment (10%)
$50K
Est. cash at closing
$67K
Monthly payment
$4,556
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

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

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

Buyers buying a hardware stores in Minnesota 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/minnesota
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.