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Kenosha Hardware North, LLC

Kenosha, WI · Hardware Retailers · NAICS 444140

Kenosha Hardware North, LLC is a hardware retailer in Kenosha, Wisconsin, in the NAICS category for hardware retailers. The company was financed with an SBA 7(a) loan for a change of ownership of $1,440,500, approved January 31, 2025, by Village Bank and Trust, National Association.

SBA 7(a) loan, change of ownership, approved Jan 31, 2025

$1,440,500 approvedLender: Village Bank and Trust, National Association17 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,440,500
SBA-guaranteed amount
$1,080,375 (75% of the approval)
Lender
Village Bank and Trust, National Association, Arlington Heights, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.9%, fixed
Term
17 years (204 months)
Estimated maturity
January 31, 2042 (estimated, approval date plus term)
Estimated monthly payment
$12,854 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
444140, Hardware Retailers
Franchise
Ace Hardware
Project location
Kenosha County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 54% of acquisition loans in Hardware Retailers on this site.
  • Average acquisition loan in Hardware Retailers: $1,808,637.
  • Average acquisition loan in Wisconsin: $1,729,230.

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 Wisconsin