MIKE More Miles
2
SBA Loans
$549K
Total Financed
$274K
Avg Loan Size
—
YoY Loan Growth
How MIKE More Miles Compares
- Ranks #91 of 125 Automotive Services brands by SBA loan count (#2,404 of 3,543 overall).
- Its average loan of $274K is 39% below the Automotive Services median of $453K.
- With only 2 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 |
|---|---|---|
| FY2024 | 2 | $549K |
FY2024 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where MIKE More Miles Is Getting SBA-Financed
Recent SBA-Financed MIKE More Miles Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is MIKE More Miles growing or shrinking?
MIKE More Miles doesn't have enough SBA loan activity in both FY2023 and FY2024 to calculate a reliable year-over-year trend. For context, it ranks #91 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 MIKE More Miles 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 $274K (39% 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 MIKE More Miles?
MIKE More Miles only has 2 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
- St. Charles Bank & Trust Company, National Association2
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset