Midas/SpeeDee Oil Change & Auto Service
12
SBA Loans
$10.0M
Total Financed
$834K
Avg Loan Size
—
YoY Loan Growth
How Midas/SpeeDee Oil Change & Auto Service Compares
- Ranks #32 of 125 Automotive Services brands by SBA loan count (#759 of 3,543 overall).
- Its average loan of $834K is 84% above the Automotive Services median of $453K.
- With only 12 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Automotive Services brands overall see a 1.5% charge-off rate across 1,424 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 4 | $2.7M |
| FY2021 | 4 | $2.0M |
| FY2023 | 3 | $1.8M |
| FY2025 | 1 | $3.6M |
FY2025 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Midas/SpeeDee Oil Change & Auto Service Is Getting SBA-Financed
Recent SBA-Financed Midas/SpeeDee Oil Change & Auto Service Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Midas/SpeeDee Oil Change & Auto Service growing or shrinking?
Midas/SpeeDee Oil Change & Auto Service doesn't have enough SBA loan activity in both FY2024 and FY2025 to calculate a reliable year-over-year trend. For context, it ranks #32 of 125 Automotive Services brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Midas/SpeeDee Oil Change & Auto Service franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $834K (84% above the typical Automotive Services brand's $453K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Midas/SpeeDee Oil Change & Auto Service?
Midas/SpeeDee Oil Change & Auto Service only has 12 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Automotive Services brands overall see a 1.5% charge-off rate across 1,424 loans.
Top SBA Lenders
- Live Oak Banking Company7
- Northwest Bank2
- Timberline Bank1
- SouthState Bank, National Association1
- Wells Fargo Bank National Association1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset