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SBA loans for independent hardware stores from a preferred lender.

Independent hardware stores are the backbone of many communities across the nation.

We take pride in providing well- structured financing tools to make you more successful in your business and in your community.

Like you, we’re here for the long run, in good times and bad. In fact, if you’re acquiring or expanding a hardware business, a U.S. Small Business Administration (SBA) loan can provide necessary working capital with more flexible requirements than a conventional loan.

And, as an SBA Preferred Lender, Byline Bank has the authority to make credit decisions in-house, with flexible qualifying requirements and expedited approvals.

Why Byline Bank?

As a top five SBA lender in the U.S., our lending specialists understand the hardware business. We know how to structure a loan that meets your needs.

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Details

  • Amount: Up to $5 million
  • Financing percentages: Up to 90% financing for acquisitions and up to 100% financing for expansions
  • Term: Up to 10 years for most uses, and up to 25 years for real estate
  • Prepayment Penalty: None for terms < 15 years
  • Footprint: Nationwide
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Purposes

  • Business acquisition
  • Franchise acquisition
  • Business expansion
  • Real estate acquisition (including owning versus leasing space)
  • Debt refinance
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Benefits

  • Faster approvals thanks to Byline’s SBA Preferred Lender status
  • Longer amortization
  • Lower loan payments
  • No future balloon payment
  • Closing costs can be included

Recent Deal Announcements

Hardware Store

Arkansas

$4.37 million

SBA 7(a) Loan

Business Acquisition

Hardware Store

Kentucky

$870,000

SBA 7(a) Loan

Business Expansion

Hardware Store

Colorado

$1.58 million

SBA 7(a) Loan

Business Acquisition

Hardware Store

Kentucky

$1.34 million

SBA 7(a) Loan

Business Acquisition

Hardware Store

Illinois

$1.8 million

SBA 7(a) Loan

Refinance

Hardware Store

Illinois

$700,000

SBA 7(a) Loan

Real Estate Acquisition

Contact our hardware financing specialists to get started.

Brian Burke

Brian Burke

(303) 870-9795Vice President, Business Development OfficerSmall Business Capital
Katelyn Hendricks

Katelyn Hendricks

(847) 805-9633Officer, Business Development AssociateSmall Business Capital