Automotive · lender intelligence

How to finance a Midas in Michigan

State:

The SBA 7(a) lenders funding the most Midas deals in Michigan, from public loan records — typical Midas loan about $405K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Midas in Michigan

$846K

Typical loan

range $648K–$1.08M

$939K

Est. purchase price

≈ loan ÷ 90%

$128,821

Cash to close

$93,944 down + fees

$10,941/mo

Typical payment

~9.5% · 10yr

$150,986/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

62 days

Typical time to fund

Lenders competing

more = leverage

7.16%

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 in Michigan

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

1.2,539 loans · $965M · Columbus, OHFull record →
2.284 loans · $254M · Cincinnati, OHFull record →
3.9 loans · $5M · Wausau, WIFull record →

5+ funded Midas in Michigan 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.

AMJ SERVICES, INC in Marquette, MI — $1.5M (2024) · purchase · IncredibleBank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
97 days
Approved
6/25/2024
First disbursed
9/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Change of Ownership
Industry
General Automotive Repair
If you were the buyer here
Est. deal size
$1.7M
Est. down payment (10%)
$167K
Est. cash at closing
$230K
Monthly payment
$20,111
Annual debt service
$241K
Cash flow needed (1.25×)
$302K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by IncredibleBank · Lender record →
Your business? Claim this record · Request removal
Ana Food LLC in Waterford, MI — $1.1M (2023) · Fifth Third Bank
Program
Preferred Lenders Program
Rate at approval
8.81% fixed
Term
300 mo (25 yrs)
SBA guaranteed
$813K (75%)
Approval → funding
23 days
Approved
12/9/2022
First disbursed
1/1/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
Startup, Loan Funds will Open Business
Industry
General Automotive Repair
Funded by Fifth Third Bank · Lender record →
Your business? Claim this record · Request removal
MDT Auto Repair LLC in Troy, MI — $846K (2021) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$761K (90%)
Approval → funding
21 days
Approved
8/10/2021
First disbursed
8/31/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
13
Business age
Change of Ownership
Industry
General Automotive Repair
If you were the buyer here
Est. deal size
$939K
Est. down payment (10%)
$94K
Est. cash at closing
$129K
Monthly payment
$9,387
Annual debt service
$113K
Cash flow needed (1.25×)
$141K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Dff Racing, Inc in Escanaba, MI — $648K (2021) · purchase · Upper Peninsula State Bank
Program
7a General
Rate at approval
4.75% variable
Term
144 mo (12 yrs)
SBA guaranteed
$583K (90%)
Approval → funding
62 days
Approved
7/30/2021
First disbursed
9/30/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
General Automotive Repair
If you were the buyer here
Est. deal size
$720K
Est. down payment (10%)
$72K
Est. cash at closing
$96K
Monthly payment
$5,912
Annual debt service
$71K
Cash flow needed (1.25×)
$89K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Upper Peninsula State Bank
Your business? Claim this record · Request removal
MDT Auto Repair LLC in Troy, MI — $50K (2021) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$38K (75%)
Approved
8/10/2021
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
New Business or 2 years or less
Industry
General Automotive Repair
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Midas in Michigan? Start with a lender that funds them here

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

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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.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

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

Agent summary

How to finance a Midas purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. The Huntington National Bank funds the most here. CapBench is not a lender.

$405K typical Midas loan
4 lenders active in Michigan
5+ funded Michigan deals
62 days typical to fund

Buyers buying a Midas in Michigan typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Midas lenders

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/michigan
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.