HARDWARE HANK: how its 38 SBA loans actually performed
Hardware Stores · 38 units financed with SBA 7(a) loans since 2010 · 29 lenders have funded this brand.
No defaults on record
None of the 29 seasoned SBA loans to HARDWARE HANK charged off within seven years — a 0.0% rate, against 5.7% across all SBA 7(a) loans.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Unity Bank | 2 |
| Frandsen Bank and Trust | 2 |
| Bank of Ann Arbor | 2 |
| Wells Fargo Bank National Association | 2 |
| Woodlands National Bank | 2 |
| Farmers State Bank | 2 |
29 lenders have funded HARDWARE HANK since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
HARDWARE HANK is a smaller-sample brand: 29 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 29 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many HARDWARE HANK SBA loans have defaulted?
0 of 29 seasoned HARDWARE HANK SBA 7(a) loans charged off within seven years — a 0.0% default rate, against 5.7% across all SBA 7(a) loans.
Is a HARDWARE HANK franchise a safe SBA loan bet?
By the numbers its default rate is below the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 29 loans it is a smaller sample than our flagship brands.
Which lenders fund HARDWARE HANK franchises?
29 lenders have made SBA loans to HARDWARE HANK since 2010, led by Unity Bank.