Clovis is a city in Fresno County, California, United States. The population was 106,583 at the 2010 census. Clovis is located 6.5 miles (10.5 km) northeast of downtown Fresno, at an elevation of 361 feet (110 m).

The city of Clovis began as a freight stop along the San Joaquin Valley Railroad. Organized in February 1890, the city was incorporated on January 1, 1912. The city is named for Clovis Cole, a Santa Fe Railroad official.

The economy of Clovis is based on agriculture, manufacturing, and services. The top employers in the city are Clovis Unified School District, City of Clovis, and Clovis Community Medical Center. The agricultural sector is the largest employer in the Clovis area, with over 16,000 jobs in the sector. The manufacturing sector is the second largest employer, with just over 4,000 jobs in the sector. The service sector is the third largest employer, with just under 4,000 jobs in the sector.

The median income for a household in the city was $41,415, and the median income for a family was $50,131. Males had a median income of $39,564 versus $26,151 for females. The per capita income for the city was $20,183. About 12.8% of families and 17.2% of the population were below the poverty line, including 25.1% of those under age 18 and 8.8% of those age 65 or over.

Small businesses are a vital part of the Clovis economy, accounting for over 42% of all businesses in the city. The top industries for small businesses in Clovis are retail trade, health care, and construction. There are over 4,000 small businesses in Clovis, employing over 16,000 people.

Comparing SBA Loan Types in Clovis

Our Experts

When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Clovis? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Clovis

There are several options for small business loans in Clovis. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Clovis, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.