SBA Loans for Hardware Hank Franchises
Who actually funds Hardware Hank SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2024.
Top lenders funding Hardware Hank SBA loans
Ranked by number of Hardware Hank 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Alerus Financial, National Association | 1 | $1.3M | $1.3M |
| 1 | BMO Bank National Association | 1 | $795K | $795K |
| 1 | Readycap Lending, LLC | 1 | $1.8M | $1.8M |
| 1 | The Bank of Elk River | 1 | $444K | $444K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2024. Shows lenders with at least one approved Hardware Hank loan in this period, ranked by loan count.
Hardware Hank SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| WI | 3 | $3.9M | $1.3M |
| MN | 1 | $444K | $444K |
Hardware Hank SBA loans by year
How Hardware Hank SBA loans have performed
Outcomes for every funded Hardware Hank 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
How to use this
The lenders above have actually closed SBA 7(a) loans for Hardware Hank franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in, and we match your Hardware Hank deal to a lender currently funding this brand.
Financing a Hardware Hank franchise?
We know which lenders are actively funding Hardware Hank deals right now and which fit your loan size and location. Pre-qualify and we'll find your match (free to borrowers).