How much does a Midas/SpeeDee Oil Change & Auto Service cost to buy or open?

The typical deal for Midas/SpeeDee Oil Change & Auto Service is $445K across 12 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $49K of buyer cash on a typical deal.

How risky is Midas/SpeeDee Oil Change & Auto Service?

Midas/SpeeDee Oil Change & Auto Service has 12 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 Midas/SpeeDee Oil Change & Auto Service with an SBA loan?

Yes — Midas/SpeeDee Oil Change & Auto Service 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.

Midas/SpeeDee Oil Change & Auto Service SBA Intelligence: Real Cost, Rates & Failure Rate

Recent financings

Speedee Midas Auto Service Center in Hollister, CA — $3.6M (2025) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 8.95% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $2.7M (75%)
Approval → funding: 6 days
Approved: 2/26/2025
First disbursed: 3/4/2025
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 13
Business age: Change of Ownership
Industry: Automotive Oil Change and Lubrication Shops

If you were the buyer here

Est. deal size: $4.0M
Est. down payment (10%): $396K
Est. cash at closing: $548K
Monthly payment: $45,101
Annual debt service: $541K
Cash flow needed (1.25×): $677K

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 →

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CTMID Inc. in Fredericksburg, VA — $1.1M (2023) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 9% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $825K (75%)
Approval → funding: 41 days
Approved: 4/5/2023
First disbursed: 5/16/2023
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

MSSA LLC in Scottsdale, AZ — $445K (2023) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 9.5% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $334K (75%)
Approval → funding: 11 days
Approved: 5/22/2023
First disbursed: 6/2/2023
Loan status: Paid in full (2/28/2026)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

West Sacramento Midas in West Sacramento, CA — $215K (2023) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 8.5% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $161K (75%)
Approval → funding: 40 days
Approved: 2/16/2023
First disbursed: 3/28/2023
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

VMG Ventures LLC in Dublin, CA — $952K (2021) · purchase · Wells Fargo Bank National Association

Program: Preferred Lenders Program
Rate at approval: 5.45% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $857K (90%)
Approval → funding: 11 days
Approved: 8/2/2021
First disbursed: 8/13/2021
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

WGM I Enterprises, LLC in Houston, TX — $419K (2021) · purchase · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 5.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $377K (90%)
Approval → funding: 22 days
Approved: 3/18/2021
First disbursed: 4/9/2021
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

Zeman Logistics, Inc. in Sanborn, IA — $331K (2021) · purchase · Northwest Bank

Program: Preferred Lenders Program
Rate at approval: 4.5% fixed
Term: 120 mo (10 yrs)
SBA guaranteed: $298K (90%)
Approval → funding: 2 days
Approved: 6/9/2021
First disbursed: 6/11/2021
Loan status: Paid in full (7/31/2025)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

Conover Custom Cues Inc in Cleburne, TX — $270K (2021) · SouthState Bank, National Association

Program: Preferred Lenders Program
Rate at approval: 5.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $243K (90%)
Approval → funding: 17 days
Approved: 5/14/2021
First disbursed: 5/31/2021
Loan status: Paid in full (8/31/2025)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

A&A INVESTMENTS & AUTO SERVICE in Stockton, CA — $1.3M (2020) · Live Oak Banking Company

Program: Preferred Lenders Program
Rate at approval: 6.25% variable
Term: 306 months
SBA guaranteed: $975K (75%)
Approval → funding: 9 days
Approved: 2/12/2020
First disbursed: 2/21/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

ANKR, Inc. in Sioux City, IA — $969K (2020) · purchase · Northwest Bank

Program: Preferred Lenders Program
Rate at approval: 4.25% fixed
Term: 84 mo (7 yrs)
SBA guaranteed: $727K (75%)
Approval → funding: 42 days
Approved: 5/19/2020
First disbursed: 6/30/2020
Loan status: Paid in full (7/31/2025)
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 14

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

Midas/SpeeDee Oil Change & Auto Service, by the numbers

Recent financings

Who funds Midas/SpeeDee Oil Change & Auto Service — and where

Common questions

How much does a Midas/SpeeDee Oil Change & Auto Service cost to buy or open?

How risky is Midas/SpeeDee Oil Change & Auto Service?

Can I finance a Midas/SpeeDee Oil Change & Auto Service with an SBA loan?

AI summary