SBA Loan Statistics in California

Small business is the foundation of the Californian economy. According to a recent study conducted by the Small Business Administration (SBA), the number of privately held firms with under 500 employees in California is at 3.8 million. That’s 99.8% of all CA business. In 2015, just under 7 million people, or 49% of the California private workforce, were employed by small businesses.

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According to the most recent Census data, some of the most popular industries across California’s small business is Professional, Scientific, and Technical Services, Health Care and Social Assistance, Retail Trade, and Accommodation and Food Services. The number of SBA loans funded in the state alone makes up about 17% of the whole country’s totals.

From the rapid growth of tech to the strong retail sector and all the industries in between, it’s no surprise that California has the 6th largest economy in the world. And we at SmartBiz Loans are proud to support such an integral part of it – small business. We’re dedicated to helping you reach new levels of business growth through our marketplace of preferred SBA lenders.

If you’re eligible and interested in taking your California business to the next level by applying for an SBA 7(a) loan, check out these local resources and success stories from the entrepreneurs in California’s top funded cities who’ve achieved their dreams through SmartBiz Loans.

Top CA Cities for Funded SBA Loans

Some of the highest-ranking California cities in terms of the volume of funded SBA small business loans are Los Angeles, San Diego, and San Francisco. These three regions alone account for about 15% of the total number of funded SBA loans in California, and about 3% of all SBA loans funded across the United States. The economic impact is significant, and SmartBiz is proud to be helping small business thrive. We’ve worked with small business owners in each of these areas to help secure funding and boost company growth.

SBA Loans in Los Angeles

After founding Done & Done Home, a professional organizing business based in New York, Katharine Pawlowski and Ann Lightfoot recently expanded their company into the Los Angeles area as they saw impressive growth. The mother/daughter entrepreneur duo worked with SmartBiz to obtain a low-cost, working capital loan. With big plans for future endeavors, they’ll be using their funds to move into new markets and locations.

Learn more about Done & Done Home’s SBA loan story here.

SBA Loans in San Diego

When it comes to the SoCal sun, Roshambo Baby has all ages covered. Scott Morris and his wife founded the company after deciding that everyone should wear comfortable, high-quality sunglasses, from infants to adults. Several effective crowdfunding and social media campaigns later, Scott found SmartBiz and worked with us to obtain an SBA loan. The company will be putting their capital to good use, expanding inventory, staff, and the product range.

Read all about Roshambo Baby’s SmartBiz experience on our Small Business blog.

SBA Loans in San Francisco

Bay Area entrepreneur Laura Tabsharani founded Epic Global Talent to help aspiring NorCal media stars get “agency ready.” Her talent management know-how and industry experience made her company stand out and grow. Taking the next step in her business was where SmartBiz came in to the picture. With a speedy and efficient application process, Laura could dedicate more time to working on large-scale marketing projects.

Find out what Laura has to say about her journey as a woman entrepreneur here.


Small Business Resources in California

The Small Business Administration provides support to small business owners across the nation on both a regional and district level. California, Arizona, Nevada, Guam, and Hawaii all fall under Region IX, whose office are based in Glendale. A fantastic resource to take advantage of are the region’s educational and business development programs. From seminars to workshops to socials ranging in topics and locations across the state, the Small Business Administration provides you with ample opportunity to learn and make local connections.

Within California, each of the three top funded cities represents its own SBA district, so if you’re from the area, check out your nearby SBA district office in Los Angeles, San Diego, and San Francisco. There you’ll find resource guides, advising, educational workshops, and more.

Experienced SmartBiz Loan Consultants are here to help, every step of the way. Give us a call at 866-283-8726 to learn how you can be on the road to small business success.

 What you need to know: The information provided through SmartBiz® University and the articles contained therein are for educational purposes only. Use of this information is not a replacement for personal, professional advice or assistance regarding your finances or credit history.