Business Loans and Economic Development

Where smart businesses go for low cost loans!
4% APR up to $500,000

Tuesday, March 19, 2019
   

Long Island Development Corporation

Corporate Office:
175 Engineers Road
Suite 200
Hauppauge, New York 11788

Tel: 1-516-433-5000
Fax: 1-516-433-5046
Email: info@lidc.org
Up Coming Events...

HIA-LI Taking Business & Tourism to New Heights

March 22, 2019

LI MacArthur Airport

8:30 AM

10:30 AM

 

HIA & ISP Long Island MacArthur Airport
Taking Business & Tourism to New Heights!
Exciting updates about LI MacArthur Airport, LI Perception Study, LI Tourism 

Check-in & Networking 8:30 am
Program:  9:00 - 10:30 am

 

100 Arrival Avenue
Ronkonkoma, NY 11779

Pre-Register:  631 543-5355 or visit:  www.hia-li.org

Members:  $45     Non Members: $60 

More info...

Long Island Association

April 3, 2019

Woodbury

11:00 AM

2:00 PM

 

 

Long Island Association (LIA) Spring Luncheon

Sports Legends: Mariano Rivera and Jack Nicklaus
make a special Long Island appearance.


Crest Hollow Country Club
Jericho Turnpike
Woodbury, NY 

 

For Sponsorship Packages, Table/Tickets/Journal Ads

and additional information call LIA  Office: 631 494-3009 or 3033

More info...

SCWBEC Sponsor Showcase & Luncheon

April 25, 2019

Babylon, NY

9:00 AM

3:00 PM

 

Suffolk County Women's Business Enterprise Coalition (SCWBEC)

Annual Sponsor Showcase & Luncheon

9 am - Noon The Sponsor Showcase

12:30 - 3 pm Luncheon & Keynote Speaker Kathleen King 

 

The Piermont
494 Fire Island Ave
Babylon, NY 11702

 

Luncheon tickets: $55 Early Bird Price until April 10th

Information and registration:  www.scwbec.org or call: 631 468-7050

More info...

LI Hispanic Chamber of Commerce, Inc.

May 17, 2019

New Hyde Park

11:00 AM

2:00 PM

 

14th Annual Latina Hat Luncheon

 

The Inn, New Hyde Park
214 Jericho Turnpike

New Hyde Park, NY 11040

 

Sponsorship & Reservations please call 516 333-0105

More info...

Long Island Association

May 17, 2019

Woodbury

6:00 PM

11:00 PM

 

Long Island Association (LIA)

Annual Awards Gala  

Black Tie:  6pm

Crest Hollow Country Club
Jericho Turnpike
Woodbury, NY 

 

For Sponsorship Packages, Table/Tickets/Journal Ads

and additional information call LIA Gala Office: 631 494-3009 or 3032

More info...

HIA-LI 31st Annual B2B Trade Show

May 30, 2019

Brentwood, NY

9:00 AM

3:00 PM

 

Hauppauge Industrial Association-Long Island

 

31st Annual Trade ShowYour Business Connected
LI's largest B2B Trade Show & Conference

 

Suffolk County Community College Sports & Exhibition Center

Brentwood, New York

 

Information & Registration:  info@hia-li.org  www.hia-li.org

More info...

Welcome to the Long Island Development Corp.

 

_____________________________________________________________________________________

Long Island's Premiere Resource for Low Cost Small Business Loans since 1980


VISION

The vision of Long Island Development Corporation (LIDC) is a Long Island in which small business owners have access to low cost business capital and credible financial resources needed to grow today, develop and increase their business capacity to succeed tomorrow.


MISSION STATEMENT

LIDC provides low cost loans, small business technical assistance and private/public sector procurement resources that all aid in increasing business growth, capacity and access to capital when the banks say no.

PROGRAMS & SERVICES

An economic development small business lender that provides low cost loans through our revolving loan fund. Under LIDC’s Targeted Loan fund we can lend up to $500,00.00 at an interest rate as low as 4%!

LIDC’s lending programs include the LI Defense Diversification Revolving Loan Fund (RLF), the LI Fisheries Assistance RLF and the LI Targeted Industries RLF. These programs are under the auspices of US Department of Commerce, Economic Development Administration (EDA), New York State, Empire State Development & Job Development Authority (NYS, ESD & NYS, JDA).

The EDA Revolving Loan Fund Program is a staple of the federal economic development access to capital delivery system. The program, established in 1975, is designed to provide grants to state and local governments, political subdivisions, and nonprofit organizations to operate a lending program that offers low-interest loans to businesses that cannot get traditional bank financing.

LIDC is authorized under programs from agencies such as the EDA Title IX Revolving Loan, US Department of Housing & Urban Development (HUD) 108, ESD & JDA to provide low cost small business working capital loans and economic development services for business located in Nassau & Suffolk Counties of Long Island.

Lending referrals under the US Small Business Administration (SBA) & other programs through its affiliation
with the with New York Business Development Corp.

LIDC also assisted the Town of Hempstead in underwriting it minority business micro-loan fund from New York State. And, LIDC created and administered HUD 108 revolving loans funds for Suffolk County, the Towns of North Hempstead and Hempstead, and the Village of Hempstead to respond to critical economic development needs and assist in the promotion of minority business development in those communities.

LIDC provides loan readiness, private/public sector procurement and bid writing assistance, as well as, business certification/registration technical assistance for a woman-owned business enterprise, minority owned business enterprise and disadvantaged business enterprise.

LIDC, serving the community for 39 years, has made over $750 million in direct loans, leveraged an additional $2.5 billion in private capital for projects, helped entrepreneurs obtain over $1.7 billion in government contracts, and created/retained over 45,000 jobs for our economy.

________________________________________________________________________________________

CORPORATE HEADQUARTERS FOR LIDC

175 Engineers Road, Suite 200
Hauppauge, New York  11788
516 433 5000

 




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