Sound Hardware Vashon Mercantile LLC
Sound Hardware Vashon Mercantile LLC is a hardware retailer in Vashon, Washington, classified under NAICS 444140 (Hardware Retailers) and operating as an Ace Hardware franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.6 million, with Pathward National Association as the lender and an approval date of January 27, 2026. The loan was reported with 30 jobs.
SBA 7(a) loan, change of ownership, approved Jan 27, 2026
$1,600,000 approvedLender: Pathward National Association10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,600,000
- SBA-guaranteed amount
- $1,200,000 (75% of the approval)
- Lender
- Pathward National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $20,923 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 444140, Hardware Retailers
- Franchise
- Ace Hardware
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Hardware Retailers on this site.
- Average acquisition loan in Hardware Retailers: $1,808,637.
- Average acquisition loan in Washington: $1,784,595.
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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- HD Retail Enterprises LLC, Shelton