Tamuning, GU Entrepreneur Gets SBA Loan to Buy Rent-A-Wreck car Rental Franchise

Need a loan to buy a Rent-A-Wreck car Rental franchise? Citizens Security Bank (guam) In has a history of making these loans and they are guaranteed by the SBA.

Rent-A-Wreck car Rental franchise loans are available to Tamuning, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Security Bank (guam) In, based in Agana, , issued an SBA franchise loan for a Rent-A-Wreck car Rental franchise in 2001. We've got all the details on this small business loan.

SBA Loan Borrower

AVIS RENT-A-CAR
TAMUNING, GU 96931

SBA Loan Lender

CITIZENS SECURITY BANK (GUAM) IN
424 W O'BRIEN DR, 114 JULALE
AGANA, GU 96910

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532111 - Passenger Car Rental

Loan Approval Date

10/1/2001

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Rent-A-Wreck car Rental franchise. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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