How much do lenders finance for a Honest1 Auto Care (aka Honest franchise?

The median SBA loan approved for a Honest1 Auto Care (aka Honest franchise is $247,800, with the middle 80% of loans between $100,000 and $788,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Honest1 Auto Care (aka Honest franchises?

By dollars approved, the most active SBA lenders for Honest1 Auto Care (aka Honest have been Wells Fargo Bank, Byline Bank, MidFirst Bank, PeopleFund. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Honest1 Auto Care (aka Honest SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Honest1 Auto Care (aka Honest franchise

SBA lenders have approved 17 loans against the Honest1 Auto Care (aka Honest brand since FY2010, totalling $6.4M. The median approval was $247,800. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1071

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$247,800

Typical range

$100K-$788K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Honest1 Auto Care (aka Honest

Lender	Loans	Approved
Wells Fargo Bank	2	$1.1M
Byline Bank	1	$955K
MidFirst Bank	1	$922K
PeopleFund	1	$788K
Live Oak Banking Company	1	$700K
Readycap Lending, LLC	1	$425K
Manufacturers and Traders Trust Company	1	$312K
Texas Regional Bank	1	$248K

Geography

Where Honest1 Auto Care (aka Honest units were financed

State	Loans	Share
Texas	7
Florida	4
Minnesota	3
Tennessee	1
Illinois	1
Virginia	1

Approvals by fiscal year

’13

’17

’18

’19

’20

’23

’25

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

Under $50K
6%
$50K - $150K
29%
$150K - $350K
24%
$350K - $1M
41%

Financing a Honest1 Auto Care (aka Honest: common questions

How much do lenders finance for a Honest1 Auto Care (aka Honest franchise?: The median SBA loan approved for a Honest1 Auto Care (aka Honest franchise is $247,800, with the middle 80% of loans between $100,000 and $788,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Honest1 Auto Care (aka Honest franchises?: By dollars approved, the most active SBA lenders for Honest1 Auto Care (aka Honest have been Wells Fargo Bank, Byline Bank, MidFirst Bank, PeopleFund. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Honest1 Auto Care (aka Honest SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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