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Area Business Loans
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NEW BUSINESS LOANS AND LICENSES
| In L.A. County, approximately 71% of the businesses have five (5) or fewer employees with approximately
82% of the businesses having ten (10) or fewer employees. In an effort to measure the economic growth and monitor the inflow of capital into the area,
the following chart has been prepared. Under the Community Reinvestment Act, the Federal Reserve requires certain banks to report business loans which
are tracked on a census tract basis. The following chart is a summation of the report for the Antelope Valley.
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| 2008 Reported Business Loans Under $1 Million in the Antelope Valley |
2005 |
2006 |
2007 |
2008 |
% of Change 2007-2008 |
$100,000 or less
Number of loans
Amount (in millions)
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8,537
$87 |
16,204
$137 |
16,714
$157 |
11,973
$111 |
-28.4%
-29.2% |
Greater than $100,000 but less than $250,000
Number of loans
Amount (in millions)
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97
$16 |
91
$16 |
119
$21 |
84
$14 |
-29.4%
-31.9% |
Greater than $250,000 but less than 1 Million
Number of loans
Amount (in millions)
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58
$28 |
97
$55 |
97
$48 |
63
$33 |
-35.1%
-31.2% |
Total
Number of loans
Amount (in millions)
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8,692
$131 |
16,392
$207 |
16,930
$226 |
12,120
$159 |
-28.4%
-29.8% |
Loans to Firms with Revenues less than $1 Million
Number of loans
Amount (in millions)
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4,065
$66 |
5,989
$106 |
6,909
$112 |
3,777
$61 |
-45.3%
-45.5% |
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| LICENSED BUSINESS |
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| Source: City of Lancaster, City of Palmdale, SFVERC. *Includes Rental Housing Businesses. |
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