With over 4,600 stores, Ace Hardware is one of America’s most successful retailers’ cooperatives employing over 86,000 employees.
As Ace Hardware is a co-op and not a franchise, each Ace Hardware store looks different yet has core product lines. With significant upfront costs for inventory and large stock replenishment requiring larger cash flows than other local businesses need, United Capital Source has specific expertise in providing small business loans for Ace Hardware store owners.
Our experience working with Ace Hardware store owners for many years has given our lending professionals unique insights into the hardware business. United Capital Source understands that new owners of Ace Hardware stores must possess deep technical knowledge of hardware products and their working applications.
These high standards set by the Ace Hardware Corporation have allowed wholesale lenders working with United Capital Source to lower the risk profile of these stores. We can lend over the standard 100% of business turnover to 200% of business turnover. This, in turn, provides more working capital loans available to Ace Hardware owners.