Automotive · lender intelligence
How to finance a Midas in Michigan
The SBA 7(a) lenders funding the most Midas deals in Michigan, from public loan records — typical Midas loan about $405K. A bank already funding the brand in your state knows it twice over.
Most active with Midas in Michigan
Ranked by funded Midas loans in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2,539 loans · $965M · Columbus, OHFull record →
- 2.284 loans · $254M · Cincinnati, OHFull record →
- 3.9 loans · $5M · Wausau, WIFull record →
5+ funded Midas in Michigan 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.
- AMJ SERVICES, INC in Marquette, MI — $1.5M (2024) · purchase · IncredibleBank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 97 days
- Approved
- 6/25/2024
- First disbursed
- 9/30/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $1.7M
- Est. down payment (10%)
- $167K
- Est. cash at closing
- $230K
- Monthly payment
- $20,111
- Annual debt service
- $241K
- Cash flow needed (1.25×)
- $302K
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 IncredibleBank · Lender record →
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- Ana Food LLC in Waterford, MI — $1.1M (2023) · Fifth Third Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.81% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $813K (75%)
- Approval → funding
- 23 days
- Approved
- 12/9/2022
- First disbursed
- 1/1/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- General Automotive Repair
Funded by Fifth Third Bank · Lender record →
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- MDT Auto Repair LLC in Troy, MI — $846K (2021) · purchase · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $761K (90%)
- Approval → funding
- 21 days
- Approved
- 8/10/2021
- First disbursed
- 8/31/2021
- 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
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $939K
- Est. down payment (10%)
- $94K
- Est. cash at closing
- $129K
- Monthly payment
- $9,387
- Annual debt service
- $113K
- Cash flow needed (1.25×)
- $141K
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 The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- Dff Racing, Inc in Escanaba, MI — $648K (2021) · purchase · Upper Peninsula State Bank
- Program
- 7a General
- Rate at approval
- 4.75% variable
- Term
- 144 mo (12 yrs)
- SBA guaranteed
- $583K (90%)
- Approval → funding
- 62 days
- Approved
- 7/30/2021
- First disbursed
- 9/30/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $720K
- Est. down payment (10%)
- $72K
- Est. cash at closing
- $96K
- Monthly payment
- $5,912
- Annual debt service
- $71K
- Cash flow needed (1.25×)
- $89K
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 Upper Peninsula State Bank
Your business? Claim this record · Request removal
- MDT Auto Repair LLC in Troy, MI — $50K (2021) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $38K (75%)
- Approved
- 8/10/2021
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- New Business or 2 years or less
- Industry
- General Automotive Repair
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Midas in Michigan? 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.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Midas loans with a Michigan project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Midas purchase in Michigan with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Michigan deals. The Huntington National Bank funds the most here. DealRoom is not a lender.
- $405K typical Midas loan
- 4 lenders active in Michigan
- 5+ funded Michigan deals
- 62 days typical to fund
Buyers buying a Midas in Michigan typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.