Franchise financing
Midas franchise financing
What it costs to finance a Midas franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 159
- Total funded
- $84.6M
- Median loan
- $348K
- 7(a) charge-off
- 2.9%
What financing a Midas franchise costs
The median SBA loan to a Midas franchisee is $348K, and the middle half of Midas's 159 loans run $167K to $596K (average $532K). Across all SBA-financed franchises the median loan is $350K. Midas buyers borrow less than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Midas loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 155 Midas loans where the SBA recorded a business age, 27.7% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Midas
Midas franchisees have financed with 159 SBA loans since FY2010, averaging $532K each. Of those, 137 ran through the 7(a) program (franchise fee, build-out, equipment, and working capital) and 22 through 504 (owner-occupied real estate). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Midas's 7(a) charge-off rate is 2.9% across 137 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Midas
By SBA loan count
- 1. Live Oak Banking Company 35
- 2. Wells Fargo Bank National Association 11
- 3. IncredibleBank 4
- 4. Alaska Growth Capital BIDCO, Inc. 1
- 5. Certified Development Corporation of South Carolina 2
- 6. U.S. Bank, National Association 2
- 7. The Huntington National Bank 6
- 8. Newtek Small Business Finance, Inc. 1
Where Midas gets funded
Top states by loan count
- 1. Texas 20
- 2. California 19
- 3. Indiana 20
- 4. Florida 9
- 5. Michigan 9
- 6. Illinois 10
- 7. Washington 2
- 8. Virginia 3
Financing a Midas?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Midas SBA financing FAQ
How much does a Midas franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Midas franchisee is $348K, and the middle half of Midas's 159 loans run $167K to $596K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Midas's franchise disclosure document.
Can you use an SBA loan for Midas?
Yes. Lenders have funded 159 SBA loans to Midas franchisees, worth $84.6M in all, so Midas is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Midas?
The data says yes: of Midas's 155 SBA loans that record a business age, 27.7% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Midas?
By loan count, the most active SBA lenders for Midas are Live Oak Banking Company, Wells Fargo Bank National Association, IncredibleBank, among others. A lender already active with your brand often moves faster.
What is Midas's SBA charge-off rate?
Across Midas's 137 SBA 7(a) loans, 2.9% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Midas?
Both. Of Midas's 159 SBA loans, 137 were 7(a) (franchise fee, build-out, equipment, working capital) and 22 were 504 (owner-occupied real estate). The median Midas loan term is 10 years.