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Automotive · lender intelligence

How to finance a Midas

The SBA 7(a) lenders funding the most Midas deals, ranked from public loan records — typical Midas loan about $405K, 0% failure rate across 65 loans. A bank that has funded the brand knows the model — faster approvals, better terms.

Deal economics— what it takes to buy & finance Midas

$405K

Typical loan

range $205K–$1.08M

$450K

Est. purchase price

≈ loan ÷ 90%

$60,188

Cash to close

$45,000 down + fees

$5,241/mo

Typical payment

~9.5% · 10yr

$72,326/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

100.0%

Still performing

0% default · FY20–23

20 days

Typical time to fund

23

Lenders competing

more = leverage

7.28%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Midas

Ranked by funded Midas loans. Tap a lender to open its full record, or hit Get in touch for an introduction.

  1. 1.1,296 loans · $1.4B · Wilmington, NCFull record →
  2. 2.25 loans · $5M · Whiting, INFull record →
  3. 3.9 loans · $5M · Wausau, WIFull record →
  4. 4.2,539 loans · $965M · Columbus, OHFull record →
  5. 5.112 loans · $112M · Irving, TXFull record →
  6. 6.7 loans · $7M · Norwalk, CTFull record →
  7. 7.2 loans · $0M · Grapevine, TXFull record →
  8. 8.46 loans · $47M · Asheville, NCFull record →
  9. 9.154 loans · $26M · San Diego, CAFull record →
  10. 10.62 loans · $34M · Winter Haven, FLFull record →
  11. 11.284 loans · $254M · Cincinnati, OHFull record →
  12. 12.46 loans · $85M · Salt Lake City, UTFull record →
  13. 13.5 loans · $16M · Humble, TXFull record →
  14. 14.11 loans · $8M · Redwood Falls, MNFull record →
  15. 15.14 loans · $23M · Miami Lakes, FLFull record →
  16. 16.51 loans · $52M · Fuquay Varina, NCFull record →
  17. 17.196 loans · $21M · Boston, MAFull record →
  18. 18.1,322 loans · $185M · Wilmington, DEFull record →
  19. 19.1 loans · $0M · St. Louis, MOFull record →

65+ funded Midas deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

  • Red Eagle, LLC in Tupelo, MS — $2.1M (2026) · Live Oak Banking Company
  • CTMID Inc. in Harrisonburg, VA — $1.5M (2026) · purchase · Live Oak Banking Company
  • Freedom Automotive CA LLC in Indio, CA — $550K (2026) · Live Oak Banking Company
  • INCLINED MECHANICALLY INC. in Fremont, CA — $436K (2026) · Live Oak Banking Company
  • Mechanically Inclined Inc. in Sacramento, CA — $436K (2026) · Live Oak Banking Company
  • Red Eagle, LLC in Tupelo, MS — $300K (2026) · Live Oak Banking Company
  • RTR Autos Erath LLC in Stephenville, TX — $2.3M (2025) · Live Oak Banking Company
  • BK Auto Ventures, LLC in Harrisonburg, VA — $1.3M (2025) · purchase · Live Oak Banking Company
  • Brickyard Bowling Green LLC in Bowling Green, KY — $919K (2025) · purchase · Milestone Bank
  • CM Kenosha Automotive LLC in Kenosha, WI — $328K (2025) · VelocitySBA, LLC
  • Pride of Racine Automotive LLC in Mount Pleasant, WI — $327K (2025) · VelocitySBA, LLC
  • Pride of Mundelein Automotive LLC in Long Grove, IL — $327K (2025) · VelocitySBA, LLC
  • Mematt Investments (FL), Inc. in Naples, FL — $250K (2025) · TD Bank, National Association
  • MITCHELLS MANAGEMENT LLC in Lynn, MA — $194K (2025) · Eastern Bank
  • JLS Automotive Group LLC in Chicago, IL — $185K (2025) · purchase · Belmont Bank & Trust Company
  • Midas in Katy, TX — $150K (2025) · Live Oak Banking Company
  • Mechanically Inclined Inc. in Carmichael, CA — $100K (2025) · Live Oak Banking Company
  • AMJ SERVICES, INC in Marquette, MI — $1.5M (2024) · purchase · IncredibleBank
  • Always Ready Automotive Corporation in Fremont, CA — $205K (2024) · KeyPoint CU
  • GO WEST AUTO ARIZONA, LLC in Peoria, AZ — $1.5M (2023) · purchase · Live Oak Banking Company

Buying a Midas? Start with a lender that has funded the brand

We'll point you to the SBA lenders already financing this brand — and help you make them compete on rate and speed.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to Midas businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Midas purchase with an SBA 7(a) loan: the lenders that fund the brand most (from public records), the typical loan size, and what it takes to qualify. Live Oak Banking Company funds the most. CapBench is not a lender.

  • $405K typical Midas loan
  • 0% failure rate (FY20–23)
  • 23 lenders fund the brand
  • 20 days typical to fund

Buyers researching a Midas typically pre-qualify for SBA 7(a) financing next, then ask CapBench to introduce a lender that already funds the brand — free for buyers; agents can submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this dealTalk to a loan brokerMidas record
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/franchise/midas
API:
https://www.capbench.com/api/public/lenders?franchise=midas
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
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