Main Street Registry

Ace Hardware of Walnut Lake LLC

West Bloomfield, MI · Hardware Retailers · NAICS 444140

Ace Hardware of Walnut Lake LLC, located in West Bloomfield, Michigan, is classified under the SBA industry Hardware Retailers (NAICS 444140) and operates as an Ace Hardware franchise. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,059,000, provided by Live Oak Banking Company and approved on November 18, 2025.

SBA 7(a) loan, change of ownership, approved Nov 18, 2025

$1,059,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,059,000
SBA-guaranteed amount
$794,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7%, variable
Term
10 years (120 months)
Estimated maturity
November 18, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,296 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
444140, Hardware Retailers
Franchise
Ace Hardware
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Hardware Retailers on this site.
  • Average acquisition loan in Hardware Retailers: $1,808,637.
  • Average acquisition loan in Michigan: $1,645,728.

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 Michigan