Ace Hardware, the world’s largest retailer-owned hardware cooperative, is pleased to announce a new financing program for Ace Hardware store owners that will help fuel the company’s new store growth efforts. The new financing program gives qualified Ace store owners access to up to $200,000 in a dollar-for-dollar equity match loan for opening a new ground up store or to acquire a competitor’s store. Amounts borrowed under this program do not need to be repaid in cash. Instead, loans can be repaid immediately using the owner’s existing Ace Hardware Corporation stock or over time using future non-cash patronage distributions.
“With this exciting announcement, Ace Hardware store owners now have even more resources to help them achieve their goals of expanding their businesses,” said Dan Miller, Vice President, Retail Operations and New Business, Ace Hardware Corporation.
