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City Small Business Loan Programs

Need capital to launch, stabilize, or grow your business? The City of Long Beach manages multiple loan programs that can help to get your business off the ground or help take your business to the next level.

Emergency Microloan Program

  • The Emergency Microloan Program is designed to support Long Beach businesses and non-profits that have been financially burdened by the COVID-19 public health emergency.
  • Between $2,500 to $10,000 is available for small businesses operating in Long Beach
  • Interest rate: 2.44 percent
  • Fees: no fees
  • Repayment period ranges from 5 to 7 years
  • Borrowers may access a grace period of up to 9 months
  • Loan proceeds may go toward business expenses, such as personnel, rent, supplies/materials, utilities, professional services, and more
  • Funding is subject to availability and submittal of a loan application does not guarantee funding
  • To get started, potential borrowers must sign-up for an appointment with the Small Business Development Center (SBDC) at longbeachsbdc.org or by phone at (562) 938-5100. 

Kiva Long Beach Loan Program

  • The Kiva Long Beach Loan Program is an online community-lending program that is designed to support Long Beach small businesses
  • Between $500 to $15,000 is available for small businesses operating in Long Beach
  • Interest rate: 0 percent
  • Fees: no fees
  • Term: 6 months to 3 years
  • Borrowers may access a grace period of up to 6 months
  • Loan proceeds may go toward business expenses, such as personnel, rent, supplies/materials, utilities, professional services, and more
  • All loan applications are reviewed and either approved or denied by Kiva, a nonprofit organization
  • Approved loans on Kiva have 30-days to successfully raise the entire loan. The total loan amount must be raised for funds to become available to the borrower
  • To get started, potential borrowers should contact BusinessDevelopment@longbeach.gov or 562-570-6099.
  • Visit Kiva Long Beach for more information. Learn more about past borrowers here.

Microenterprise Loan Program

  • The Microenterprise Loan Program is designed to support Long Beach small businesses
  • Between $25,000 to $100,000 is available for small businesses operating in Long Beach
  • Interest rate: Wall Street Journal prime rate + 1.5 percent
  • Fees: 2 percent loan fee, if loan closes
  • Term: 5 to 10 years
  • Loan proceeds may go toward business expenses, such as personnel, rent, supplies/materials, utilities, professional services, and more (proceeds cannot be spent on construction)
  • Must create 1 full-time job for every $35,000 borrowed
  • Personal guarantee is required for all loans*
  • Businesses must be a for-profit entity
  • All loans must be approved by the City's Loan Committee.
  • For more information, please contact Eric Romero, Business Development Officer, at Eric.Romero@longbeach.gov or (562) 570-6705.

Grow Long Beach Fund

  • Partnership between the City of Long Beach and National Development Council Grow America Fund
  • Between $100,000 to $2 million is available for businesses that have been operating in Long Beach for at least two years
  • Interest rate: based on current Wall Street Journal prime rate
  • Term: 3 to 25 years
  • Loans underwritten by National Development Council and guaranteed by the Small Business Administration
  • Business must be a for-profit entity
  • Funds can be used for any legitimate business expense (construction, tenant improvements, equipment, working capital, etc.)
  • For more information, please contact Eric Romero, Business Development Officer, at Eric.Romero@longbeach.gov or (562) 570-6705.