Powered by LevrNAICS 532111: Passenger car rental
NAICS 532111 is the industry code for passenger car rental. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 532111 covers
Passenger car rental businesses rent cars without drivers for short periods, including airport and neighborhood rental locations.
Included in this code
- Car rental agencies
- Airport car rental
- Peer to peer car rental fleets
- Car rental franchises
Not this code
- Car leasing: see 532112 Passenger car leasing
- Truck rental: see 532120 Truck, utility trailer, and RV (Recreational vehicle) rental and leasing
- Taxi services: see 485310 Taxi and ridesharing services
Businesses that use 532111
Financing for this trade
Rental companies finance fleets with fleet lines and vehicle loans and buy cars at fleet pricing. Lenders review utilization, depreciation and insurance.
Apply for funding with AIIs 532111 the right code for a car rental company?
Yes, if you rent cars for short periods without drivers. Long term leasing uses 532112, and truck and RV rentals use 532120. Owners in this trade most often weigh it against 532112 (passenger car leasing) and 532120 (truck, utility trailer, and RV (recreational vehicle) rental and leasing). The right choice is the activity that brings in the most revenue, used the same way on tax returns and loan applications.
What is the SBA size standard for 532111?
The SBA size standard for 532111 is $47M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A car rental company at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
How do car rental companies finance fleets?
Fleet lines and vehicle loans fund cars, often with buyback programs from manufacturers. Peer to peer hosts use auto loans. Lenders look at utilization, revenue per car and depreciation. A broker who works with many lenders can line up bank, SBA and alternative offers side by side, which often matters more than chasing the lowest headline price.
What does NAICS 532111 cover?
Passenger car rental. Industry level code in NAICS 2022, under 53 Real estate and rental and leasing, 532 Rental and leasing services, 5321 Automotive equipment rental and leasing, 53211 Passenger car rental and leasing.
What financing do NAICS 532111 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 532111?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.