Hardware Retailers acquisitions in Wisconsin: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Hardware Retailers in Wisconsin, totaling $19.1M. The median loan was $578,700. That is 1.3% of the 1,452 acquisition loans in Wisconsin.
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How this compares
The median Hardware Retailers loan in Wisconsin is in line with the $562,750 median for all Wisconsin acquisitions, and 24% 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 2.6% of seasoned Wisconsin acquisition loans of any type.
Hardware Retailers acquisition loans in Wisconsin by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $771K | $385,250 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 4 | $1.9M | $465,700 | |
| FY2023 | 2 | $4M | $1,990,500 | |
| FY2024 | 5 | $4.3M | $843,000 | |
| FY2025 | 3 | $3M | $1,330,000 | |
| FY2026 | 3 | $5.2M | $836,000 |
How often do these acquisition loans fail?
Fewer than 20 Hardware Retailers in Wisconsin 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 | BankVista | 5 | 26.3% | $9.2M | |
| 2 | First National Community Bank | 2 | 10.5% | $1.5M | |
| 3 | The Huntington National Bank | 2 | 10.5% | $1.5M | |
| 4 | Nicolet National Bank | 2 | 10.5% | $1M | |
| 5 | Hiawatha National Bank | 2 | 10.5% | $889K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ace Hardware | 7 | 36.8% | $7.9M | |
| 2 | Hardware Hank | 1 | 5.3% | $1.3M | |
| 3 | True Value | 1 | 5.3% | $461K |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much do SBA loans for Hardware Retailers acquisitions in Wisconsin run?
The median SBA 7(a) loan was $578,700 across 19 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 Wisconsin?
BankVista (5), First National Community Bank (2), The Huntington National Bank (2), Nicolet National Bank (2), Hiawatha National Bank (2).
How often do Hardware Retailers acquisition loans fail in Wisconsin?
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 Wisconsin?
10 of the 19 loans (53%) involved a franchise brand, most often Ace Hardware (7).
The purchase agreement decides what you bought, not the loan approval.
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.