How Much Can Passenger Car Rental Businesses Get in SBA Loans?
857 SBA loans totaling $228.2M have been approved for passenger car rental businesses (NAICS 532111). The average approved SBA loan is $266K, which is 22% below avg the $340K national average. 226 active lenders fund this industry with a 15.4% default rate on the matured 2018-2021 loan cohort.
At 15.4%, Passenger Car Rental sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 532111 (Passenger Car Rental) received 857 SBA loans worth $228.2M across 5+ states. Average loan $266K, average term 117 months, 15.4% default rate (resolved-loan basis).226 active SBA-approved lenders fund this industry. Most passenger car rental loans use the SBA 7(a) program. There are approximately 9,597 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Passenger Car Rental?+18% growth
Which SBA Program Do Passenger Car Rental Businesses Use Most?
What Is the Best SBA Loan for Passenger Car Rental?
The most widely used SBA program for passenger car rental businesses — flexible terms, multiple use cases
Where Are Passenger Car Rental SBA Loans Most Common?
Top SBA Lenders for Passenger Car Rental
These banks have funded the most SBA loans for passenger car rental businesses (NAICS 532111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 77 | $12.3M |
| 2 | U.S. Bank, National Association(OH) | 53 | $6.8M |
| 3 | Bank of America, National Association(NC) | 37 | $1.5M |
| 4 | JPMorgan Chase Bank, National Association(OH) | 33 | $4.8M |
| 5 | TD Bank, National Association(DE) | 26 | $1.7M |
Passenger Car Rental Industry Context
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How Does SBA Lending Work for Passenger Car Rental Businesses?
Across all SBA loan programs, 857 loans have been approved for businesses classified under NAICS 532111 (Passenger Car Rental), representing $228.2M in total capital deployed. The average approved loan of $266K is 22% below avg the national SBA average of $340K, with typical repayment terms of 117 months.
SBA lending for passenger car rental is accelerating — loan volume has grown approximately 18% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 6% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching passenger car rental business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Passenger Car Rental SBA Loans
What is the average SBA loan size for passenger car rental businesses?
Which SBA loan program is best for a passenger car rental business?
How many lenders fund SBA loans for passenger car rental?
What states have the most SBA lending for passenger car rental?
How does PeerSense help passenger car rental businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Passenger Car Rental defined by NAICS code 532111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.