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December 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Corpus Christi, Business Loans > Amer Bank Corpus Christi Business Loans > Avis Rent A Car Loan | ||||
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Amer Bank SBA 7A Franchise Loans
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Borrow Money to Buy an Avis Rent-A-Car FranchiseBorrowing money to invest in an Avis Rent-A-Car franchise? Amer Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Corpus Christi, Texas needed money to invest in an Avis Rent-A-Car franchise back in 2003. Amer Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower AVIS RENT A CAR SBA Loan Lender AMER BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532111 - Passenger Car Rental Loan Approval Date 1/30/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Avis Rent-A-Car franchise. At the time of the loan, the company had 85 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Corpus Christi TX, you ought to talk with a local Corpus Christi SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Corpus Christi businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Amer Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Participating Banks in Corpus Christi, Texas
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