Automotive · lender intelligence
How to finance a Midas in Washington
The SBA 7(a) lenders funding the most Midas deals in Washington, 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 Washington
$3.12M
Typical loan
range $3.12M–$3.12M
$3.46M
Est. purchase price
≈ loan ÷ 90%
$478,100
Cash to close
$346,222 down + fees
$40,320/mo
Typical payment
~9.5% · 10yr
$556,416/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
24 days
Typical time to fund
1
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 Washington
Ranked by funded Midas loans in Washington. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1,296 loans · $1.4B · Wilmington, NCFull record →
1+ funded Midas in Washington 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.
- Midas in Bonney Lake, WA — $3.1M (2022) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 155 months
- SBA guaranteed
- $2.3M (75%)
- Approval → funding
- 24 days
- Approved
- 5/31/2022
- First disbursed
- 6/24/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $3.5M
- Est. down payment (10%)
- $346K
- Est. cash at closing
- $478K
- Monthly payment
- $28,127
- Annual debt service
- $338K
- Cash flow needed (1.25×)
- $422K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Buying a Midas in Washington? 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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded Midas loans with a Washington project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Midas purchase in Washington with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Washington deals. Live Oak Banking Company funds the most here. CapBench is not a lender.
- $405K typical Midas loan
- 1 lenders active in Washington
- 1+ funded Washington deals
- 24 days typical to fund
Buyers buying a Midas in Washington 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.
- 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.
- 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.