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Small business loan program performance and modernization
Long Beach
Summary
The city's two loan programs (microenterprise and Grow America) have made 106 loans supporting hundreds of jobs, and the fund is moving to in-house loan servicing and electronic payments. A local business owner testified the process is thorough but slow — about four months.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 3, 2026.
Impact analysis
💰Financial impact
Roughly $4.4 million of lending capacity remains in the Grow America fund.
✅Who benefits
Small business owners like Olives Gourmet Grocer, which grew to 30 employees with city loan support.
Mentions & discussions (1)
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