Automotive · lender intelligence
How to finance a MIKE More Miles
The SBA 7(a) lenders funding the most MIKE More Miles deals, ranked from public loan records — typical MIKE More Miles loan about $449K. A bank that has funded the brand knows the model — faster approvals, better terms.
Deal economics— what it takes to buy & finance MIKE More Miles
$449K
Typical loan
range $100K–$449K
$499K
Est. purchase price
≈ loan ÷ 90%
$66,683
Cash to close
$49,856 down + fees
$5,806/mo
Typical payment
~9.5% · 10yr
$80,123/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
10 days
Typical time to fund
1
Lenders competing
more = leverage
9%
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 MIKE More Miles
Ranked by funded MIKE More Miles loans. Tap a lender to open its full record, or hit Get in touch for an introduction.
- 1.17 loans · $9M · Saint Charles, ILFull record →
2+ funded MIKE More Miles 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.
- Ames Performance, LLC in Saint Charles, IL — $449K (2024) · St. Charles Bank & Trust Company, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 9% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $337K (75%)
- Approval → funding
- 10 days
- Approved
- 3/22/2024
- First disbursed
- 4/1/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- New Business or 2 years or less
- Industry
- General Automotive Repair
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
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- Ames Performance, LLC in Saint Charles, IL — $100K (2024) · St. Charles Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 8 days
- Approved
- 3/24/2024
- First disbursed
- 4/1/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- New Business or 2 years or less
- Industry
- General Automotive Repair
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
Buying a MIKE More Miles? 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.
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CapBench analysis of public SBA 7(a) lending records; ranked by funded loans to MIKE More Miles businesses. Mega-bank call-center lenders excluded.
Agent summary
How to finance a MIKE More Miles 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. St. Charles Bank & Trust Company, National Association funds the most. CapBench is not a lender.
- $449K typical MIKE More Miles loan
- 1 lenders fund the brand
- 10 days typical to fund
Buyers researching a MIKE More Miles 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.
- 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.