{"citation":"SBA loans to real estate brokerages in California. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/offices-of-real-estate-agents-brokers/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/offices-of-real-estate-agents-brokers/california/","title":"SBA loans to real estate brokerages 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":"531210","name":"Offices of Real Estate Agents and Brokers","url":"/industries/offices-of-real-estate-agents-brokers/"},"loans":344,"dollars_approved":106733200,"measures":{"share_of_all_loans_pct":{"state":0.885,"national":0.505,"reading":"Clearly higher"},"median_loan":{"state":150000,"national":100000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":50000,"p75":350000},"national":{"p25":42000,"p75":250000}},"startup_pct":{"state":1.5,"national":2.6,"reading":"No clear gap"},"new_pct":{"state":7.3,"national":11.4,"reading":"No clear gap"},"existing_pct":{"state":90.1,"national":82.3,"reading":"Clearly higher"},"ownership_pct":{"state":null,"national":3.1,"reading":"n/a"},"express_pct":{"state":40.7,"national":50.8,"reading":"Clearly lower"},"loc_pct":{"state":26.7,"national":38.0,"reading":"Clearly lower"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.75,"national":2.75}},"clear_gaps":["loc","existing","express","share"],"top_lenders":{"U.S. Bank":82,"BayFirst National Bank":29,"JPMorgan Chase Bank":24,"Fifth Third Bank":16,"Readycap Lending, LLC":15},"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."}}