# Midas Franchise Funding for Existing Owners

> Funding for existing Midas owners: lifts, alignment and diagnostic tools, parts inventory and technician payroll, reviewed from shop deposits.

Source: https://mfebusinessloans.com/franchise-funding/brands/midas/ (Merchant Fund Express, updated 2026-10-21)

## The short answer

Already running a Midas location and need capital? Merchant Fund Express funds existing Midas owners: business loans, merchant cash advances, revenue-based financing, lines of credit, equipment financing and working capital. Funding runs from $25,000 to $5,000,000. Service centers carry heavy equipment and parts costs, so we size payments after royalty, parts supplier drafts and existing positions. A complete file gets a same-day decision, and funding often follows the next business day.

## Who is this page for?

Owners of open service centers, whether the shop was built ground-up or converted from an independent repair shop, and whether the owner works the counter or employs a general manager. The model is equipment-heavy: lifts, alignment racks, tire machines and scan tools account for a large share of what a shop is worth, and they decide how many cars move through each day.
Read this alongside the automotive franchise funding sector guide and our auto repair industry page.

## What the franchisor publishes

Midas: facts from official sources
Initial franchise fee: $35,000 (source)
Royalty: 2% to 10% of net revenue (source)
Total investment: $385,450 to $940,050 (source)
Tools and equipment within the startup budget: $180,000 to $385,000 (source)
Liquid assets / net worth asked of new franchisees: $200,000 / $600,000 (source)
Existing-franchisee expansion incentive: Reduced $10,000 license fee per new store plus 3 years of royalty rebates (source)
Checked Oct 2026 against the franchisor's own published materials. Figures change; confirm current numbers in the latest Franchise Disclosure Document. Figures we could not confirm from an official source are left out.

## Which problems do Midas owners usually bring to a review?

A lift or alignment rack is out of service
A down bay is lost revenue every hour. Equipment financing on a vendor quote replaces it without emptying the parts budget; see alignment machine financing.
Diagnostic tools fall behind newer vehicles
Scan tools, ADAS calibration and software subscriptions keep a shop able to accept late-model work. Shorter-life tools fit a shorter term.
Parts and technician payroll ahead of receipts
Brakes, exhaust and tires are bought before the repair order closes, and technicians are paid weekly. A line of credit or working capital smooths the gap; see auto repair payroll funding.

## Every way to fund your Midas location

Already running a Midas location and need capital? Merchant Fund Express funds existing Midas owners with every product below. Terms depend on the business's revenue and history.
Business loan: a term loan with weekly payments for a planned project at your Midas location, such as a refresh or a bundle of equipment.
Merchant cash advance: fast capital sized on daily card and fleet receipts.
Revenue-based financing: repayment that tracks sales instead of a fixed calendar.
Line of credit: keep it open for the next gap; an unused line costs nothing.
Equipment financing: lifts, alignment machines and diagnostic tools.
Working capital: parts inventory and technician payroll between customer payments.
Compare them side by side in MCA vs business loan, or read the automotive franchise guide.

## Which product fits which shop need?

Need | Product | Published requirement it leans on | What to send |
Two-post or four-post lift, alignment rack | Equipment financing | Vendor quote, long useful life | Quote, 3 months of statements |
Scan tools, calibration equipment | Equipment financing or working capital | Quote; Tier 2 for working capital: 6+ months, FICO 600+ | Quote, statements |
Parts and tire inventory | Line of credit | Tier 1: 3+ years, FICO 650+, NSFs max 6/month | Statements, supplier invoices |
Technician payroll in a slow month | Working capital | Tier 2: $60K verifiable revenue, up to 2 current advances | Statements, payroll register |
Fleet accounts paying on terms | Invoice factoring | Invoices to business customers | Aging report, invoices |

## How does the review read a Midas shop?

Entity: the company that owns the shop and holds the deposit account; multi-shop owners often have one entity per location.
Deposits: card settlements from retail repair orders plus ACH or check receipts from fleet and warranty work, which can arrive in lumps.
Royalty and advertising debits: read as normal recurring obligations, with capacity sized after them.
Parts supplier drafts: large, frequent and expected; we read them as cost of goods rather than as debt.
Existing positions: equipment leases and any advances are counted; a new structure can lower the combined payment.

## What documents does a Midas funding review need?

About 3 months of business bank statements (PDFs from the bank) for each shop entity
The five-minute application, which opens with a soft credit pull
Vendor quote for lifts, alignment, tire or diagnostic equipment
Existing equipment lease and loan payments in a debt schedule
For fleet receivables: an aging report
Typical first reviews skip tax returns; full financials are requested above $250,000. Spanish-speaking support is available.

## A hypothetical shop budget scenario

Consider a shop depositing $84,000 a month. Parts and tire supplier drafts are $31,000, technician and counter payroll $24,000, royalty and advertising $5,200, rent $7,000, existing lease payments $2,600. The owner wants a new alignment rack and lift quoted at $64,000.
Monthly deposits$84,000
Less parts, payroll, royalty/ad, rent, leases$84,000 - $31,000 - $24,000 - $5,200 - $7,000 - $2,600 = $14,200
$64,000 over 60 monthsabout $1,067/month before cost of funds
Share of what remains$1,067 / $14,200 = about 7.5%
Figures in this example are illustrations of the arithmetic, not an offer, quote or approval. Real terms depend on the file and the funder.

## What if you are buying or opening a shop instead?

A shop that has not opened, or a conversion that has not yet operated under the new brand with its own deposits, needs history before Merchant Fund Express can review it; see opening an auto repair shop franchise. If you already run a shop and are adding one, we read the current shop's deposits entity by entity. Taking over an operating shop follows franchise transfer financing.

## Keep reading

Automotive franchise funding: every brand page in the sector
Franchise brands we cover: every brand page in this guide
Alignment machine financing: quote-based alignment equipment
Auto repair payroll funding: paying technicians ahead of receipts
Franchise equipment financing: equipment for franchised units

## Common questions

### Can an existing Midas owner apply if a general manager runs the shop?

Yes. We read the shop's deposits and the owner's credit; daily presence is not required. Tier 1 asks for at least 50% ownership by the applicant.

### What documents does a shop owner send?

Three months of bank statements per entity, the five-minute application and quotes for any equipment. Merchant Fund Express asks for full financials only above $250,000.

### Can I finance lifts and diagnostic equipment for my Midas?

Yes. Lifts and alignment racks have long useful lives and suit longer equipment terms; scan tools usually suit shorter ones.

### What if I own several Midas shops?

Each shop or entity is read on its own deposits, parts drafts and royalty. A request can cover one shop or several.

### Are you affiliated with Midas?

No. Merchant Fund Express is independent. We use the Midas name only to identify the owners this page is for; it does not mean the franchisor endorses or works with us.

Merchant Fund Express is independent. Not affiliated with or endorsed by Midas or its franchisor.

Apply with Merchant Fund Express: https://merchantfundexpress.com/current-application.html?utm_source=mfebusinessloans.com&utm_medium=franchise&utm_campaign=franchise-funding&utm_content=midas