Lender to Technology Firms Opens Branch

Signaling continued confidence in the growth of the county’s high-technology industry, one of the state’s leading lenders to small business start-ups has opened a local branch.

Silicon Valley Bank, which specializes in high-technology start-up financing, last week opened an outlet in Westlake Village--proof, its manager says, that the recent growth of technology in the area is expected to continue for the near future.

Over the last three years, venture capitalists have taken a great interest in the so-called 101 Corridor between Tarzana and Camarillo, pumping more than $124 million into companies there in 1998.