Automotive · lender intelligence
How to finance a Midas in Minnesota
The SBA 7(a) lenders funding the most Midas deals in Minnesota, 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 Minnesota
Ranked by funded Midas loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.46 loans · $47M · Asheville, NCFull record →
- 2.11 loans · $8M · Redwood Falls, MNFull record →
3+ funded Midas in Minnesota 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.
- Styve Properties L.L.C. in Shakopee, MN — $1.2M (2022) · Minnwest Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 303 months
- SBA guaranteed
- $908K (75%)
- Approval → funding
- 11 days
- Approved
- 7/21/2022
- First disbursed
- 8/1/2022
- Loan status
- Paid in full (12/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- Existing or more than 2 years old
- Industry
- General Automotive Repair
Funded by Minnwest Bank · Lender record →
Your business? Claim this record · Request removal
- MerlinMN001 LLC in Andover, MN — $1.2M (2022) · purchase · HomeTrust Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 274 months
- SBA guaranteed
- $898K (75%)
- Approval → funding
- 18 days
- Approved
- 1/20/2022
- First disbursed
- 2/7/2022
- Loan status
- In workout — SBA bought the guarantee
- 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
- $1.3M
- Est. down payment (10%)
- $133K
- Est. cash at closing
- $182K
- Monthly payment
- $7,507
- Annual debt service
- $90K
- Cash flow needed (1.25×)
- $113K
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 HomeTrust Bank · Lender record →
Your business? Claim this record · Request removal
- MerlinMN001 LLC in Andover, MN — $50K (2022) · purchase · HomeTrust Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 18 days
- Approved
- 1/20/2022
- First disbursed
- 2/7/2022
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $56K
- Est. down payment (10%)
- $6K
- Est. cash at closing
- $7K
- Monthly payment
- $536
- Annual debt service
- $6K
- Cash flow needed (1.25×)
- $8K
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 HomeTrust Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Midas in Minnesota? 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.
Free · No documents · Usually same-day
DealRoom analysis of public SBA 7(a) lending records; ranked by funded Midas loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Midas purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. HomeTrust Bank funds the most here. DealRoom is not a lender.
- $405K typical Midas loan
- 2 lenders active in Minnesota
- 3+ funded Minnesota deals
- 18 days typical to fund
Buyers buying a Midas in Minnesota 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.