Honest1 Auto Care (aka Honest - 1 Auto Care)
8
SBA Loans
$3.2M
Total Financed
$400K
Avg Loan Size
—
YoY Loan Growth
How Honest1 Auto Care (aka Honest - 1 Auto Care) Compares
- Ranks #38 of 125 Automotive Services brands by SBA loan count (#1,015 of 3,543 overall).
- Its average loan of $400K is 12% below the Automotive Services median of $453K.
- With only 8 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 | 5 | $2.2M |
| FY2023 | 2 | $532K |
| FY2025 | 1 | $425K |
FY2025 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Honest1 Auto Care (aka Honest - 1 Auto Care) Is Getting SBA-Financed
Recent SBA-Financed Honest1 Auto Care (aka Honest - 1 Auto Care) Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Honest1 Auto Care (aka Honest - 1 Auto Care) growing or shrinking?
Honest1 Auto Care (aka Honest - 1 Auto Care) doesn't have enough SBA loan activity in both FY2024 and FY2025 to calculate a reliable year-over-year trend. For context, it ranks #38 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 Honest1 Auto Care (aka Honest - 1 Auto Care) 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 $400K (12% below 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 Honest1 Auto Care (aka Honest - 1 Auto Care)?
Honest1 Auto Care (aka Honest - 1 Auto Care) only has 8 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
- TD Bank, National Association2
- Wells Fargo Bank National Association2
- Byline Bank1
- United Community Bank1
- Manufacturers and Traders Trust Company1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset