Summary
The city is extending its lending software contract with BMI Associates for a year because a state open-meeting law (AB 339) paused procurement of a replacement. The extension keeps small-business loans flowing but drew criticism about contract management.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 6, 2026.
Impact analysis
Adds $30,000 to the contract, paid from the Revolving Loan Fund City Match — no general fund impact.
Small businesses that rely on the Revolving Loan Fund for affordable loans they can't get from traditional lenders.
Mentions & discussions (1)
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