How to Get a Loan for Passenger Car Rental

Looking for commercial loans for passenger car rental? Talk to a banker who works with the SBA. This $60,000 passenger car rental loan was issued by a Kansas bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Capital City Bank, out of Topeka, Kansas. The loan was granted and they received $60,000 to help grow their Lawrence, Kansas business.

SBA Loan Borrower

COMPANY TYPE: PASSENGER CAR RENTAL
LAWRENCE, KS 66046

SBA Loan Lender

CAPITAL CITY BANK
3710 S TOPEKA BLVD
TOPEKA, KS 66609

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

532111 - Passenger Car Rental

Loan Approval Date

12/7/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Lawrence KS, you ought to talk with a local Lawrence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lawrence businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Microlending as a Small Business Funding Source

Banks in Topeka, Kansas

Kansas SBA Bank Lenders