{"citation":"SBA loans to advertising agencies in California. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/advertising-agencies/california/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/advertising-agencies/california/","title":"SBA loans to advertising agencies in California","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"CA","name":"California"},"industry":{"naics":"541810","name":"Advertising Agencies","url":"/industries/advertising-agencies/"},"loans":128,"dollars_approved":61464600,"measures":{"share_of_all_loans_pct":{"state":0.329,"national":0.291,"reading":"No clear gap"},"median_loan":{"state":230500,"national":200000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":99000,"p75":497750},"national":{"p25":75000,"p75":492000}},"startup_pct":{"state":null,"national":4.4,"reading":"n/a"},"new_pct":{"state":7.0,"national":11.6,"reading":"No clear gap"},"existing_pct":{"state":84.4,"national":71.8,"reading":"Clearly higher"},"ownership_pct":{"state":4.7,"national":11.1,"reading":"No clear gap"},"express_pct":{"state":22.7,"national":37.5,"reading":"Clearly lower"},"loc_pct":{"state":16.4,"national":31.3,"reading":"Clearly lower"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":3.0,"national":2.75}},"clear_gaps":["loc","express","existing"],"top_lenders":{"Newtek Bank":20,"Readycap Lending, LLC":12,"U.S. Bank":8,"Wells Fargo Bank":8,"BayFirst National Bank":7},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}