Innovative lending solutions for IMDA members
Bank of America® has established a relationship with the International Midas Dealers Association, and together we have designed a special lending program1 to help you grow and better manage your business. This alliance enables us to provide customized financing solutions, based on a thorough understanding of your particular business model. Plus, you’ll have access to an underwriter who understands your business.
Looking for conventional financing? Competitive rates and terms are available for IMDA members.1
If you’re interested in expanding your present location or buying an additional Midas® store, loans are available starting at $10,000. Interest-only loan payments also may be available. This could be the perfect time to:
- Leverage a line of credit to manage inventory or tire purchases
- Acquire a new shop or take advantage of a resale opportunity
- Remodel your shop or make improvements
- Refinance 2 or consolidate existing debt 3
There are NO fees to apply, and you’ll get a fast loan decision — once we receive your complete financial package, you’ll have a decision within one week.
We’re committed to building a long-term relationship to support your business.
Cash Management — We help you evaluate solutions, including checking, credit cards, merchant
services and payroll, to help improve your cash flow.
Employee Benefits — Health Savings Accounts (HSAs) and retirement options for your staff can
lead to more satisfied employees. We can help you explore them.
Personal Finances — Ongoing guidance in the areas of home loan financing and retirement
planning can help you and your employees achieve financial success.
1 Requires two years in operation and minimum annual sales of ¬600,000. Other underwriting standards may apply.
2 All loans are subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply.
3 Bank of America may prohibit use of an account to pay off or pay down another Bank of America account.
4 Competitive rates that take into consideration your overall business relationship with Bank of America.
5 SBA-504 financing requires approval through the SBA-504 program. Actual amortization, rate and extension of credit are subject to
necessary credit approval. Bank of America credit standards and documentation requirements apply. Some restrictions may apply.
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