Auto Rental News
MenuMENU
SearchSEARCH

ACRA Asks SBA to Consider RACs for Financing Program

The following was written by Sean Busking, executive director of ACRA, to Karen Mills, the administrator for the U.S Small Business Administration (SBA).

by Staff
May 28, 2009
2 min to read


The following was written by Sean Busking, executive director of ACRA, to Karen Mills, the administrator for the U.S Small Business Administration (SBA).

Dear Administrator Mills:

Ad Loading...

On behalf of the Board of Directors and member companies of the American Car Rental Association, I am writing for two reasons:

1) To commend you on your dealer floorplan financing pilot program being launched by the Small Business Administration, and

2) To suggest you consider including the auto rental industry, also made up of countless small businesses, in the July 1—September 30, 2010 pilot program.

The simple truth of the matter is, the auto rental industry is the single largest purchaser of new vehicles and is directly affected by the same challenges as those of the dealers as a result of the uncertainty of the auto industry. Were you to include the auto rental operators in the pilot program, you would not only help to reverse the 27-year lows in slumping auto sales, you would be allowing the auto rental industry a plan to help us help you.

Linked is the letter penned by our President Bob Barton, and sent to the leaders of Congress. The American Car Rental Association and its members are ready willing and able to help, but the credit markets must react to help us all. We have hundreds of members that are all small businesses throughout North America; they all need fleet financing as well.

Ad Loading...

Thank you for your consideration.

Sincerely,


Sean Busking
Executive Director
American Car Rental Association
Phn: 918.810.6231
seanbusking@acraorg.com
www.acraorg.com

More Rental Operations

50 states map showing LOR rates for each state with different shades of light to dark green

U.S. Rental Length Declines Slightly in Q1 2026, Enterprise Reports

LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.

Read More →
Illustration of a driverless futuristic front seat/dashboard view of other cars on a freeway with city skyline on horizon.

Hertz, Uber Deepen Roles In Self-Driving And Driver-Led Fleet Services

The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.

Read More →
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
Ad Loading...
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
A black Audi SUV superimposed on a historic scene from downtown Tashkent, Uzbekistan.

Carwiz Sets Up Rental Operations In Central Asia

The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.

Read More →
A raging brushfire in the countryside.
Rental Operationsby Martin RomjueApril 30, 2026

Where Rental Fleets Must Adjust To Shifting Catastrophe Risks

West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.

Read More →
Ad Loading...
ARN Industry Newsmakers thumbnail page with ARN and ICRS logos and shots of Nick DiPrima and Martin Romjue
Rental Operationsby Martin RomjueApril 27, 2026

Using AI To Find Rental Car Damage

Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.

Read More →
Photo of CEO Krešimir Dobrilović against a gray modernist crooked-tile mural display.

Carwiz Opens Car Rental Service In Panama

A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.

Read More →
A world map with Flexways logo and new locations headline.

Flexways Opens 10 Locations Among Franchise, Affiliate Rental Networks

The integrated business model combines each operator’s local expertise with international standards to boost sales.

Read More →
Ad Loading...
Photo of a suitcase, passport, and smartphone.

Traveler Customer Satisfaction Up This Year Data Study Shows

The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.

Read More →
Ad Loading...