Sacramento is the capital city of the U.S. state of California and the seat of Sacramento County. It is at the confluence of the Sacramento River and the American River in the northern portion of California's expansive Central Valley. With an estimated 2019 population of 513,625, it is the sixth-largest city in California, the 35th most populous city in the United States, and the core city of the Sacramento metropolitan area (population 2,185,627). Sacramento is the cultural and economic core of the Sacramento metropolitan area, which includes seven counties with a 2010 population of 2,149,127. Its metropolitan area is the fourth largest in California after the Greater Los Angeles area, the San Francisco Bay Area, and the San Diego metropolitan area, and is the 27th largest in the United States. In 2002, the Civil Rights Project at Harvard University conducted for Time magazine named Sacramento "America's Most Diverse City".
Sacramento's economy is driven by government, healthcare, agriculture, construction, and tourism. The city is the site of the California State Capitol, the fifth-tallest capitols in the United States. The capitol and surrounding area is home to numerous state government agencies, as well as a variety of technology and life science startups. The Sacramento Kings, of the National Basketball Association, play in the city. The city is also home to the Sacramento River Cats, of the Pacific Coast League.
Small businesses are the backbone of Sacramento’s economy, accounting for more than half of the city’s private workforce. In order to support small businesses and entrepreneurs, the City of Sacramento offers a variety of resources and programs. The City’s Business Assistance Center provides one-stop assistance to businesses, including help with permits, licenses, and zoning. The City also offers a Small Business Loan Guarantee Program, which helps small businesses access capital by guaranteeing loans made by participating lenders.
Comparing SBA loan types in Sacramento
Three SBA programs come up most often for Sacramento, California businesses, and they do different jobs.
Small business loans available in Sacramento
An SBA 7(a) loan made to a Sacramento, California business is made by a participating lender, not by the SBA. The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is which lenders are active, not the program rules.
Common uses here are the same as everywhere: working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and buying an existing business.
Insurance and closing
Most SBA lenders require hazard and, where the collateral is real property, property insurance in place before closing. See commercial property insurance for businesses and ways to ensure your SBA loan closes smoothly.
Getting started in Sacramento
Check the eligibility requirements, run the numbers with the SBA 7(a) loan calculator, then get financing and we will route your inquiry to lending partners.