Loan to Buy Thrifty Rent-A-Car Franchise Issued By Citizens Security Bank (guam) In

Need money to purchase a Thrifty Rent-A-Car franchise? Citizens Security Bank (guam) In has a history of making these loans and they are guaranteed by the SBA.

If you live near Tamuning, and are interested in buying a Thrifty Rent-A-Car franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Citizens Security Bank (guam) In. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

THRIFTY CAR RENTAL
TAMUNING, GU 96913

SBA Loan Lender

CITIZENS SECURITY BANK (GUAM) IN
424 W O'BRIEN DR, 114 JULALE
AGANA, GU 96932

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532111 - Passenger Car Rental

Loan Approval Date

10/16/2001

Loan Approval Gross Amount

$50,575

Loan Approval from the SBA

Of the total $50,575 loan amount, the SBA guaranteed $42,989.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Thrifty Rent-A-Car franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Security Bank (guam) In had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Security Bank (guam) In made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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