How much does a Honest1 Auto Care (aka Honest - 1 Auto Care) cost to buy or open?

The typical deal for Honest1 Auto Care (aka Honest - 1 Auto Care) is $425K across 8 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $47K of buyer cash on a typical deal.

How risky is Honest1 Auto Care (aka Honest - 1 Auto Care)?

Honest1 Auto Care (aka Honest - 1 Auto Care) has 8 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

Can I finance a Honest1 Auto Care (aka Honest - 1 Auto Care) with an SBA loan?

Yes — Honest1 Auto Care (aka Honest - 1 Auto Care) has been SBA-financed 1 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Honest1 Auto Care (aka Honest - 1 Auto Care) SBA Intelligence: Real Cost, Rates & Failure Rate

Recent financings

HONEST-1 AUTO CARE OF CARROLLWOOD in Tampa, FL — $425K (2025) · Readycap Lending, LLC

Program: Preferred Lenders Program
Rate at approval: 10.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $319K (75%)
Approval → funding: 158 days
Approved: 4/4/2025
First disbursed: 9/9/2025
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Business age: Existing or more than 2 years old
Industry: General Automotive Repair

Funded by Readycap Lending, LLC · Lender record →

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Virginia Wheels & Tires LLC in Spotsylvania, VA — $312K (2023) · purchase · Manufacturers and Traders Trust Company

Program: 7a General
Rate at approval: 10.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $234K (75%)
Approval → funding: 28 days
Approved: 2/6/2023
First disbursed: 3/6/2023
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

MJPS AUTO AURORA, LLC in Aurora, IL — $220K (2023) · United Community Bank

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 8.5% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $110K (50%)
Approval → funding: 15 days
Approved: 11/3/2022
First disbursed: 11/18/2022
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type

IBB Properties LLC in Owatonna, MN — $955K (2020) · Byline Bank

Program: 7a General
Rate at approval: 7.5% variable
Term: 300 mo (25 yrs)
SBA guaranteed: $716K (75%)
Approval → funding: 38 days
Approved: 4/21/2020
First disbursed: 5/29/2020
Loan status: Past due
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors

Randall Rada Holdings, Inc in New Hope, MN — $700K (2020) · purchase · Wells Fargo Bank National Association

Program: Preferred Lenders Program
Rate at approval: 5.35% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $525K (75%)
Approval → funding: 31 days
Approved: 3/30/2020
First disbursed: 4/30/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Business age

R & J Investments Inc. in Minneapolis, MN — $442K (2020) · purchase · Wells Fargo Bank National Association

Program: Preferred Lenders Program
Rate at approval: 5.35% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $332K (75%)
Approval → funding: 30 days
Approved: 3/31/2020
First disbursed: 4/30/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Business age

Chin-See, Inc. in Orlando, FL — $100K (2020) · TD Bank, National Association

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 5.5% fixed
Term: 60 mo (5 yrs)
SBA guaranteed: $50K (50%)
Approval → funding: 25 days
Approved: 2/4/2020
First disbursed: 2/29/2020
Loan status: Paid in full (1/31/2025)
Loan type: Term loan
Collateral: Not required
Business type

Chin-See, Inc. in Orlando, FL — $50K (2020) · TD Bank, National Association

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 9.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $25K (50%)
Approval → funding: 56 days
Approved: 2/4/2020
First disbursed: 3/31/2020
Loan status: Current
Loan type: Term loan
Collateral: Not required
Business type: Corporation

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

Honest1 Auto Care (aka Honest - 1 Auto Care), by the numbers

Recent financings

Who funds Honest1 Auto Care (aka Honest - 1 Auto Care) — and where

Common questions

How much does a Honest1 Auto Care (aka Honest - 1 Auto Care) cost to buy or open?

How risky is Honest1 Auto Care (aka Honest - 1 Auto Care)?

Can I finance a Honest1 Auto Care (aka Honest - 1 Auto Care) with an SBA loan?

AI summary