Hardware Retailers acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Hardware Retailers in Indiana, totaling $9.3M. The median loan was $400,000. That is 1.1% of the 1,158 acquisition loans in Indiana.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Hardware Retailers loan in Indiana is 23% lower than the $521,250 median for all Indiana acquisitions, and 47% lower than the $758,450 median for Hardware Retailers acquisitions nationwide (268 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.7% of seasoned Hardware Retailers acquisition loans were charged off, and 3.1% of seasoned Indiana acquisition loans of any type.
Hardware Retailers acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $276K | $276,000 | |
| FY2019 | 1 | $150K | $149,900 | |
| FY2020 | 3 | $2M | $805,000 | |
| FY2021 | 4 | $4.4M | $805,350 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $1.8M | $917,950 | |
| FY2026 | 2 | $700K | $350,000 |
How often do these acquisition loans fail?
Fewer than 20 Hardware Retailers in Indiana acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Financial Bank | 3 | 23.1% | $976K | |
| 2 | Live Oak Banking Company | 2 | 15.4% | $2.8M | |
| 3 | Old National Bank | 2 | 15.4% | $1.8M | |
| 4 | Horizon Bank | 2 | 15.4% | $1.6M | |
| 5 | National Cooperative Bank, National Association | 1 | 7.7% | $851K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ace Hardware | 6 | 46.2% | $4.9M | |
| 2 | Do it Best | 1 | 7.7% | $276K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Hardware Retailers acquisitions in Indiana run?
The median SBA 7(a) loan was $400,000 across 13 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Hardware Retailers acquisitions in Indiana?
First Financial Bank (3), Live Oak Banking Company (2), Old National Bank (2), Horizon Bank (2), National Cooperative Bank, National Association (1).
How often do Hardware Retailers acquisition loans fail in Indiana?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Hardware Retailers acquisitions in Indiana?
7 of the 13 loans (54%) involved a franchise brand, most often Ace Hardware (6).
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.