Automotive · lender intelligence

How to finance a Midas in Minnesota

State:

The SBA 7(a) lenders funding the most Midas deals in Minnesota, 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 Minnesota

$1.20M

Typical loan

range $50K–$1.21M

$1.33M

Est. purchase price

≈ loan ÷ 90%

$182,376

Cash to close

$133,000 down + fees

$15,489/mo

Typical payment

~9.5% · 10yr

$213,748/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

18 days

Typical time to fund

Lenders competing

more = leverage

5.5%

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 Minnesota

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

1.46 loans · $47M · Asheville, NCFull record →
2.11 loans · $8M · Redwood Falls, MNFull record →

3+ funded Midas in Minnesota 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.

Styve Properties L.L.C. in Shakopee, MN — $1.2M (2022) · Minnwest Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
303 months
SBA guaranteed
$908K (75%)
Approval → funding
11 days
Approved
7/21/2022
First disbursed
8/1/2022
Loan status
Paid in full (12/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
Existing or more than 2 years old
Industry
General Automotive Repair
Funded by Minnwest Bank · Lender record →
Your business? Claim this record · Request removal
MerlinMN001 LLC in Andover, MN — $1.2M (2022) · purchase · HomeTrust Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
274 months
SBA guaranteed
$898K (75%)
Approval → funding
18 days
Approved
1/20/2022
First disbursed
2/7/2022
Loan status
In workout — SBA bought the guarantee
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
$1.3M
Est. down payment (10%)
$133K
Est. cash at closing
$182K
Monthly payment
$7,507
Annual debt service
$90K
Cash flow needed (1.25×)
$113K
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 HomeTrust Bank · Lender record →
Your business? Claim this record · Request removal
MerlinMN001 LLC in Andover, MN — $50K (2022) · purchase · HomeTrust Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
18 days
Approved
1/20/2022
First disbursed
2/7/2022
Loan status
In liquidation
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
General Automotive Repair
If you were the buyer here
Est. deal size
$56K
Est. down payment (10%)
$6K
Est. cash at closing
$7K
Monthly payment
$536
Annual debt service
$6K
Cash flow needed (1.25×)
$8K
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 HomeTrust Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Midas in Minnesota? 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.

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.

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 Minnesota project address. Mega-bank call-center lenders excluded.

Agent summary

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

$405K typical Midas loan
2 lenders active in Minnesota
3+ funded Minnesota deals
18 days typical to fund

Buyers buying a Midas in Minnesota 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/minnesota
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.