Thousand Oaks is a city located in southeastern Ventura County, California, in the United States. It was named after the many oak trees that grow in the area, and the city seal is adorned with an oak. The city forms the core of the Conejo Valley, which includes Thousand Oaks proper, Newbury Park, Westlake Village, Agoura Hills, and Oak Park. The Los Angeles County–Ventura County line crosses at the city's eastern border with Westlake Village. The population was estimated to be 129,339 in 2019, up from 126,683 at the 2010 census.
The economy of Thousand Oaks is driven by a mix of industries, including retail, technology, financial services, and healthcare. The city is home to many corporate headquarters, including Amgen, Teledyne Technologies, and Jacobs Engineering Group. Thousand Oaks is also home to several shopping malls, including The Oaks, Janss Marketplace, and The Promenade at Westlake.
Small businesses play a significant role in the economy of Thousand Oaks. According to the most recent data from the U.S. Census Bureau, there are 5,735 small businesses in the city, accounting for 99.7 percent of all businesses in the city. The top industries for small businesses in Thousand Oaks are retail trade, health care, and professional, scientific, and technical services.
There are a number of programs and resources available to small businesses in Thousand Oaks. The City of Thousand Oaks offers a Small Business Assistance Program, which provides financial assistance to small businesses for a variety of purposes, including start-up costs, expansion, and equipment purchases. The Thousand Oaks Chamber of Commerce also offers a number of resources and programs for small businesses, including networking events, business education seminars, and marketing opportunities.
Comparing SBA loan types in Thousand Oaks
Three SBA programs come up most often for Thousand Oaks, California businesses, and they do different jobs.
Small business loans available in Thousand Oaks
An SBA 7(a) loan made to a Thousand Oaks, 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 Thousand Oaks
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.