Victorville is a city located in the Mojave Desert in San Bernardino County, California. As of the 2010 census, the city had a population of 115,903.
Victorville is the economic and governmental center of the High Desert region of California, which contains Victorville and the cities of Hesperia and Adelanto. The High Desert region has a population of approximately 442,000 people.
The economy of Victorville is driven by a diverse mix of industries. The city is home to a large number of distribution and manufacturing warehouses for companies such as Amazon, Mattel, and Coca-Cola. The city is also home to a growing number of technology and renewable energy companies.
The city's largest employer is the Victor Valley Medical Center, which employs over 3,000 people. Other major employers in the city include the Victor Valley College, the High Desert Logistics Center, and the Southern California Logistics Airport.
Small businesses are a vital part of the Victorville economy, accounting for over 60% of all businesses in the city. The most popular industries for small businesses in Victorville are retail trade, health care, and construction.
There are a number of programs and resources available to small businesses in Victorville. The City of Victorville offers a Small Business Assistance Program, which provides financial assistance to small businesses for a variety of purposes, including start-up costs, expansion, and job creation. The Victorville Chamber of Commerce also offers a number of programs and resources for small businesses, including networking events, business counseling, and educational seminars.
Comparing SBA loan types in Victorville
Three SBA programs come up most often for Victorville, California businesses, and they do different jobs.
Small business loans available in Victorville
An SBA 7(a) loan made to a Victorville, 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 Victorville
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.