SBA 7(a)/504 FOIA · FY1991–PRESENT · IOWA
Ace Hardware franchise in Iowa: what the public record shows
Franchisees of Ace Hardware in Iowa have taken 15 SBA loans in the FY1991–present FOIA files (average $309,313). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Ace Hardware's national ratio is 0.8×.
Loans in IA
15
Charged off (all years)
1 of 10
Loss ratio in IA
—
Loss ratio nationally
0.8×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IA. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
| System | Loans in IA | Charged off (all years) | Loss ratio in IA | Units in IA |
|---|---|---|---|---|
| Coast-to-Coast Store | 19 | 3 of 18 | — | — |
| Hardware Hank | 14 | 0 of 11 | — | — |
| Ben Franklin Store | 12 | 3 of 10 | — | — |
| True Value Hardware | 12 | 5 of 12 | — | — |
| Play It Again Sports | 11 | 0 of 10 | — | — |
| Radioshack | 11 | 3 of 11 | — | — |
| Computer Renaissance | 5 | 3 of 4 | — | — |
| Winestyles | 5 | 0 of 3 | — | — |
Other systems in Ace Hardware's sector whose franchisees borrowed in Iowa. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing Ace Hardware’s numbers, including talking you out of a bad deal.