New early payment option for EDO vendors
Starting September 1st, the Long Beach Department of Economic Development & Opportunity is piloting a new optional program that lets EDO vendors get paid on approved invoices ahead of the standard payment timeline.
This Early Payment Program is run by Lunch in partnership with EDO.
For program updates and other vendor resources, go to longbeach.gov/edo/partnerships-resources, then Business Resources and Assistance, then Lunch.
Here’s the short version
Optional
Do nothing and nothing changes — you’ll be paid on the City’s normal schedule, same as always.
Easy to use
We reach out via email when you have an approved invoice with EDO. If you select early payment, you receive funds and we are repaid by EDO later.
Invoice by invoice
You choose which approved invoices to accelerate. No commitment, no minimum.
Cost
A small flat fee, no interest rates. The fee will be displayed before you decide to use the early payment program for a specific invoice. The fee comes out of the invoice amount.
Questions that have come up
“Do I have to sign up?”
No. It’s entirely optional and it doesn’t affect your standing with the City either way.
“What does it actually do?”
Once an invoice is approved, you can choose to receive payment early instead of waiting out the standard cycle. You decide per invoice.
“How do I sign up?”
Starting September 1st, when Long Beach EDO receives an invoice from your company, Lunch will reach out over email to offer you early payment. You can sign up on their site in five minutes – they are required to gather standard business information – and from then on you can access early payment for your invoices.
“Is my banking data safe?”
Account connections are tokenized through Plaid; Lunch doesn’t store your raw banking credentials.