SBA loan outcome check · franchise brand · SBA data as of 30 September 2026

How have SBA loans to Midas franchisees turned out?

Of 43 loans approved in fiscal 2008 to 2021 (at least five years old), 3 (7.0%) were charged off by the lender, against 9.4% across all 7(a) loans approved in those same years. Midas appears on 83 SBA-guaranteed 7(a) loans approved from fiscal 2008 to 2026, $54.0 million in gross approvals. These are loans, not a rating.

Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.

MidasFranchise brand · 83 loans

7%of seasoned loans charged off

Midas appears on 83 SBA-guaranteed 7(a) loans approved from fiscal 2008 to 2026, $54.0 million in gross approvals.
Of 43 loans approved in fiscal 2008 to 2021 (at least five years old), 3 (7.0%) were charged off by the lender, against 9.4% across all 7(a) loans approved in those same years.
A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.

Every approval year

Approval year	Loans	Approved	Paid in full	Charged off	Not yet resolved	Charged-off share
FY2008	1	$220,300	0	1	0	few loans
FY2012	1	$35,000	1	0	0	few loans
FY2015	1	$1.3 million	0	1	0	few loans
FY2017	1	$658,500	0	1	0	few loans
FY2018	8	$1.6 million	5	0	3	few loans
FY2019	11	$6.1 million	5	0	6	0.0%
FY2020	9	$6.7 million	5	0	4	few loans
FY2021	11	$6.0 million	7	0	4	0.0%
FY2022	12	$12.4 million	3	1	8	too recent for a share
FY2023	9	$6.6 million	1	0	8	too recent for a share
FY2024	2	$1.7 million	0	0	2	too recent for a share
FY2025	9	$4.8 million	0	0	9	too recent for a share
FY2026	8	$5.8 million	0	0	8	too recent for a share

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a franchise, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.