Entrepreneur Secures Financing to Buy National Car Rental Franchise

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

Want to borrow money to buy a National Car Rental franchise? If so, here's a 2001 SBA franchise loan that you should know about. Citizens Security Bank (guam) In was the lender and the entrepreneur was based in Tamuning, .

SBA Loan Borrower

NATIONAL RENT-A-CAR
TAMUNING, GU 96913

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

10/10/2001

Loan Approval Gross Amount

$19,400

Loan Approval from the SBA

Of the total $19,400 loan amount, the SBA guaranteed $16,490.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a National Car Rental franchise. At the time of the loan, the company had 21 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Security Bank (guam) In so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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