Automotive · lender intelligence

How to finance a Midas in Mississippi

State:

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

$300K

Typical loan

range $270K–$2.13M

$333K

Est. purchase price

≈ loan ÷ 90%

$44,583

Cash to close

$33,333 down + fees

$4,133/mo

Typical payment

~11% · 10yr

$57,035/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

87 days

Typical time to fund

Lenders competing

more = leverage

7.25%

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 Mississippi

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

1.1,296 loans · $1.4B · Wilmington, NCFull record →

4+ funded Midas in Mississippi 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
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.6M (75%)
Approved
3/5/2026
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
64
Business age
Existing or more than 2 years old
Industry
Automotive Oil Change and Lubrication Shops
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Red Eagle, LLC in Tupelo, MS — $300K (2026) · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$150K (50%)
Approved
3/3/2026
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
64
Business age
Existing or more than 2 years old
Industry
Automotive Oil Change and Lubrication Shops
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Ray Automotive, LLC in Oxford, MS — $150K (2021) · BNA Bank
Program
7a General
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$135K (90%)
Approval → funding
87 days
Approved
2/2/2021
First disbursed
4/30/2021
Loan status
Paid in full (3/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Existing or more than 2 years old
Industry
Automotive Parts and Accessories Stores
Funded by BNA Bank
Your business? Claim this record · Request removal
Ray Automotive, LLC in Columbus, MS — $270K (2020) · purchase · BNA Bank
Program
7a General
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$203K (75%)
Approval → funding
84 days
Approved
2/6/2020
First disbursed
4/30/2020
Loan status
Paid in full (3/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Automotive Exhaust System Repair
If you were the buyer here
Est. deal size
$300K
Est. down payment (10%)
$30K
Est. cash at closing
$40K
Monthly payment
$3,205
Annual debt service
$38K
Cash flow needed (1.25×)
$48K
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 BNA Bank
Your business? Claim this record · Request removal

Buying a Midas in Mississippi? 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 Mississippi project address. Mega-bank call-center lenders excluded.

Agent summary

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

$405K typical Midas loan
2 lenders active in Mississippi
4+ funded Mississippi deals
87 days typical to fund

Buyers buying a Midas in Mississippi 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 2026-06-19.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/midas/mississippi
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.