Forest Lake Ace Hardware
Forest Lake Ace Hardware is located in Forest Lake, MN, and the SBA lists its industry as Hardware Retailers. It was approved for an SBA 504 loan ($1,173,000 SBA portion) on June 2, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jun 2, 2026
- SBA (CDC) portion
- $1,173,000
- Bank portion
- $1,258,400
- Estimated project size
- $2,701,556 (estimated)
- Estimated owner equity
- $270,156 (estimated, about 10% of the project)
- Bank lender
- Frandsen Bank and Trust, Arden Hills, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 2, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Franchise
- Ace Hardware
- Project location
- Washington County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-6
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Hardware Retailers: $2,383,133.
- Average expansion loan in Minnesota: $2,136,981.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Minnesota
- Kendall Hardware, Inc., Saint Paul