How much do SBA lenders typically lend to a passenger car rental business?

The median SBA approval in NAICS 532111 is $75,000, with the middle 80% of loans between $10,000 and $822,600. Across all industries the median is $180,000.

Which lenders are most active in passenger car rental?

By dollars approved: FinWise Bank, Florida Business Development Corporation, The Yellowstone Bank, World Trade Finance, Inc., InBank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is passenger car rental considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 532111 · Real Estate

SBA loans for passenger car rental

414 SBA loans worth $126.3M have been approved in this industry since FY2010 - the #369 most-financed NAICS code in the country.

Median loan

$75,000

-58% vs all industries

Typical range

$10K-$823K

Middle 80%

Median rate

8.75%

7(a) initial note rate

Median term

10 yr

Charge-off rate

11.1%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
FinWise Bank	4	$8.3M
Florida Business Development Corporation	4	$6.6M
The Yellowstone Bank	2	$5.2M
World Trade Finance, Inc.	1	$5.0M
InBank	1	$4.7M
Readycap Lending, LLC	7	$4.5M
U.S. Bank	43	$4.2M
Celtic Bank Corporation	9	$4.0M
Wells Fargo Bank	46	$4.0M
Western Alliance Bank	3	$3.8M

Geography

Where these loans were made

State	Loans	Share
California	84
Hawaii	39
Florida	33
New York	19
Arizona	16
Texas	15
New Jersey	15
Massachusetts	13

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
41%
$50K - $150K
21%
$150K - $350K
14%
$350K - $1M
16%
$1M - $2M
5%
Over $2M
2%

Nearby

Other real estate industries

See the sector

Offices of Real Estate Agents and Brokers4,900 · $100,000 Lessors of Miniwarehouses and Self-Storage Units3,561 · $839,000 Lessors of Nonresidential Buildings3,432 · $515,000 Residential Property Managers2,560 · $150,000 Other Activities Related to Real Estate2,207 · $200,000 Other Commercial and Industrial Machinery and Equipment Rental and Leasing1,472 · $282,500 Nonresidential Property Managers705 · $221,000 General Rental Centers690 · $270,000

Common questions

How much do SBA lenders typically lend to a passenger car rental business?: The median SBA approval in NAICS 532111 is $75,000, with the middle 80% of loans between $10,000 and $822,600. Across all industries the median is $180,000.
Which lenders are most active in passenger car rental?: By dollars approved: FinWise Bank, Florida Business Development Corporation, The Yellowstone Bank, World Trade Finance, Inc., InBank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is passenger car rental considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 11.1% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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