City of Long Beach Business Brief 1.29.21
Welcome to the Economic Development Department's Business Brief! We are continuing to ensure you are updated on the latest business resources and news.
A second round of applications will open at 8:00 a.m. February 2 and will run through 6:00 p.m. February 8. Applicants who submitted all necessary documents in the first round and met eligibility requirements, but did not receive a grant, do not need to reapply; their applications will be rolled over for consideration in the second round.

The Small Business COVID-19 Relief Grant Program offers grants up to $25,000 to micro and small businesses and nonprofits that have been impacted by the pandemic. It is not a first-come, first-served program, nor a rolling approval process. Grants will be distributed across the state, with priority given to regions and industries impacted by the COVID-19 pandemic, disadvantaged communities and underserved small business groups. All applications will be considered and prioritized based on impact.
Black Business Strategies is a business education, consulting and technical assistance program geared to help level the playing field for Black-owned businesses disproportionally affected by limited access to capital and systemic obstacles that can stifle their growth and sustainability.

The Black Business Strategies program launches on Feb. 18 at 9 a.m. and is open to Black-owned businesses in Long Beach and throughout the county. The deadline to apply for the program is February 2, 2020. To apply, click here.
Small Business Stabilization Loan Program
The Los Angeles County Development Authority has launched an affordable and flexible business loan program to support and help stabilize businesses in the region. Small Business Stabilization Loans range from $50,000 to $3 million, and can be used for working capital, equipment purchases, inventory, or refinancing of existing loans at higher interest rates.

Business Eligibility
  • Businesses must have a physical location within Los Angeles County.
  • Businesses must have been in operation for a minimum of two years at time of application.
  • Click here for a list of ineligible businesses.

Interest rate: Fixed Wall Street Journal Prime rate. (Currently at 3.25%)
Loan Term: Working Capital - 5-7 years, Equipment - Up to 10 years.
Real Estate Acquisition and Construction: Up to 20 years.
For more information and to apply, potential borrowers can sign-up for an appointment with the Small Business Development Center (SBDC) at or by phone at (562) 938-5100.
The City of Long Beach Inclusive Entrepreneurship Program
The City of Long Beach Inclusive Entrepreneurship Program offers free business support for Long Beach entrepreneurs. The Program is funded by Community Development Block Grant funding and maximum income limits apply.
Learn about available tools and resources to help your business recover from disruptions and plan for the future. You may receive individualized advice tailored for your specific business and situation. Through this Program, you will gain access to professional business consultants that will support you through the process of developing a personalized action plan for your business.
For more information, click here.
Contact the City of Long Beach BizCare Hotline for Immediate Assistance:

Phone number: 562-570-4BIZ (4249)
Days: Monday - Friday
Hours: 8:00 a.m. to 5 p.m.

City staff will respond to voicemails made after business hours within 24 hours.