Loan to Buy U-Save Auto Rental Franchise Issued By Community Trust Bank

Need a loan to invest in an U-Save Auto Rental franchise? Community Trust Bank has a history of making these loans and they are guaranteed by the SBA.

U-Save Auto Rental franchise loans are available to Ruston, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Trust Bank, based in Ruston, Louisiana, issued an SBA franchise loan for an U-Save Auto Rental franchise in 2004. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

BIBBS AUTO RENTAL LLC
RUSTON, LA 71270

SBA Loan Lender

COMMUNITY TRUST BANK
1511 N TRENTON ST
RUSTON, LA 71270

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

1/15/2004

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $92,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an U-Save Auto Rental franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $185,000. How would you spend $185,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

U-Save Auto Rental

Find Start-Up Capital

SBA 7A Banks for Ruston, Louisiana Loans

Louisiana SBA Bank Lenders