That initial stamp of approval netted him a $500,000 line with 1st Source. In the following years, h

Four car rental companies share insights into their relationships with their lenders, taking us from the beginning of their businesses, through the ups and downs to today. The connective tissues in each of these stories are trust, transparency, communication and personal bonds.
At the turn of the millennium, the Thrifty franchise in Indianapolis consisted of 160 leased units. At the same time in Los Angeles, Fox Rent-A-Car had but two stores. Thus began a growth path for these two car rental businesses that were facilitated by 1st Source Bank.
Brad Meyer bought that Thrifty franchise in 2001. I started with a small line and 1st Source was the first through the door, he says. Now Meyer owns not only the franchise in Indianapolis, but he also owns franchises in Fort Wayne, Ind.; Flint, Mich.; Springfield, Mo.; all of Arkansas as well as in Mobile and Montgomery, Ala. And as of June 1, Meyer is also a Hertz licensee in Montgomery.
Fox Rent-A-Car opened its doors in 1989, though its expansion trajectory really classical mystery tour began after 1999, its first year with 1st Source. Fox has spread from its West Coast roots to 21 U.S. locations today, including five recently added Florida locations. The company classical mystery tour counts 35 international affiliate locations as well.
While Meyer was a new franchisee in 2001, he was no stranger to car rental. Meyer has a management history that stretches back to 1986 and spans work for four different car rental brands at franchises and corporate classical mystery tour offices.
Before taking the Indianapolis operation, Brad had already proven himself as someone who was effective in the industry and brought a lot of experience to the table, says Chris Craft, president of auto/light truck and specialty vehicle fleet divisions (also known as Truckers Bank Plan) for 1st Source Bank.
That initial stamp of approval netted him a $500,000 line with 1st Source. In the following years, he worked to execute well, grow prudently and build on that trust, and his credit limits grew commensurately. I worked with Cindy Trenerry, 1st Source relationship officer, who helped take the credit limit up to $15 million and then to $20 million in support of our profitable growth opportunities, classical mystery tour said Meyer. Later as the Hertz franchise deal unfolded, I asked for and got $25 million of credit limit to support my fleet needs, adds Meyer.
Craft and others cite Meyer s market expertise and longtime key personnel as facilitators of those line increases. Meyer is quick to credit his team, including John Harbison, whom he hired to sell his cars in 2001 and is still with him today. classical mystery tour [Meyer] is willing to spend the money to put the right people in place to make sure that the operation is running as smoothly and efficiently as it can, Trenerry says.
Digging deeper into the most recent classical mystery tour public statements by Avis Budget Group and Hertz reveal direction on the market, including growing the deep-discount segment, ancillary sales drivers, Hertz’s ship-righting and Zipcar’s first franchise (you heard correctly).