Automotive · lender intelligence
How to finance a Midas in Texas
The SBA 7(a) lenders funding the most Midas deals in Texas, 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 Texas
Ranked by funded Midas loans in Texas. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1,296 loans · $1.4B · Wilmington, NCFull record →
- 2.2 loans · $0M · Grapevine, TXFull record →
- 3.5 loans · $16M · Humble, TXFull record →
9+ funded Midas in Texas 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.
- RTR Autos Erath LLC in Stephenville, TX — $2.3M (2025) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 312 mo (26 yrs)
- SBA guaranteed
- $1.7M (75%)
- Approval → funding
- 21 days
- Approved
- 8/4/2025
- First disbursed
- 8/25/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- New Business or 2 years or less
- Industry
- General Automotive Repair
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Midas in Katy, TX — $150K (2025) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 10.99% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $128K (85%)
- Approval → funding
- 57 days
- Approved
- 6/30/2025
- First disbursed
- 8/26/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- Existing or more than 2 years old
- Industry
- General Automotive Repair
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Gallomar, LLC in North Richland Hills, TX — $250K (2022) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 56 days
- Approved
- 10/21/2021
- First disbursed
- 12/16/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $2,713
- Annual debt service
- $33K
- Cash flow needed (1.25×)
- $41K
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 →
Your business? Claim this record · Request removal
- Hanoray Inc in Fort Worth, TX — $185K (2022) · purchase · Bank of the West
- Program
- 7a General
- Rate at approval
- 6.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $139K (75%)
- Approval → funding
- 20 days
- Approved
- 5/19/2022
- First disbursed
- 6/8/2022
- 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
- $206K
- Est. down payment (10%)
- $21K
- Est. cash at closing
- $27K
- Monthly payment
- $2,077
- Annual debt service
- $25K
- Cash flow needed (1.25×)
- $31K
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 Bank of the West · Lender record →
Your business? Claim this record · Request removal
- Folmar Family Properties, LLC in Boerne, TX — $1.2M (2021) · purchase · Plains State Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $866K (75%)
- Approval → funding
- 17 days
- Approved
- 11/17/2020
- First disbursed
- 12/4/2020
- Loan status
- Paid in full (1/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $1.3M
- Est. down payment (10%)
- $128K
- Est. cash at closing
- $176K
- Monthly payment
- $12,250
- Annual debt service
- $147K
- Cash flow needed (1.25×)
- $184K
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 Plains State Bank · Lender record →
Your business? Claim this record · Request removal
- ALAMILLA ENTERPRISES, LLC in Plano, TX — $975K (2020) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $731K (75%)
- Approval → funding
- 16 days
- Approved
- 7/28/2020
- First disbursed
- 8/13/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- General Automotive Repair
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- RTR Auto Parts & Service LLC in Granbury, TX — $685K (2020) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 7% variable
- Term
- 306 months
- SBA guaranteed
- $514K (75%)
- Approval → funding
- 6 days
- Approved
- 11/15/2019
- First disbursed
- 11/21/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- General Automotive Repair
If you were the buyer here
- Est. deal size
- $761K
- Est. down payment (10%)
- $76K
- Est. cash at closing
- $102K
- Monthly payment
- $4,807
- Annual debt service
- $58K
- Cash flow needed (1.25×)
- $72K
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 →
Your business? Claim this record · Request removal
- Midas in College Station, TX — $550K (2020) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $413K (75%)
- Approval → funding
- 10 days
- Approved
- 1/21/2020
- First disbursed
- 1/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Existing or more than 2 years old
- Industry
- General Automotive Repair
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Hanoray Inc in Fort Worth, TX — $195K (2020) · Bank of the West
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $146K (75%)
- Approved
- 8/26/2020
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 4
- Business age
- New Business or 2 years or less
- Industry
- Other Automotive Mechanical and Electrical Repair and Mainte
Funded by Bank of the West · Lender record →
Your business? Claim this record · Request removal
Buying a Midas in Texas? 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 Texas project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Midas purchase in Texas with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Texas deals. Live Oak Banking Company funds the most here. DealRoom is not a lender.
- $405K typical Midas loan
- 3 lenders active in Texas
- 9+ funded Texas deals
- 20 days typical to fund
Buyers buying a Midas in Texas 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.