LIDC HOSTS FIRST ANNUAL GOLF OUTING TO BENEFIT PTAP

LIDC held its first annual golf outing on May 7 honoring John Buran, President Flushing Financial Corp. (holding
company for Flushing Savings Bank). Conducted at the beautiful Hamlet Golf Course, Commack- some 100 golfers enjoyed perfect weather, a challenging course and a fun day starting with brunch and ending with a delicious dinner where the 200 attendees spiritedly collected almost 100 raffle prizes ranging from $50 Starbucks cards to a weekend at Gurneys and round trip airline tickets. MORE PHOTOS

Honoree John Buran has had a 30+ year career in banking and is on numerous boards of directors. Flushing is expanding its business lending under John's guidance and has branched out significantly on Long Island.

Sponsors for the outing included Flushing Savings, Cullen & Dykman, Lewis Johs Avallone Aviles, Elena Melius Foundation, Bank of America, CIT Small Business Lending Corp. Citibank NA; Sovereign Bank, All Around Foods,
Quantum Auto Group, Trachtenberg & Pauker, JP Morgan Chase, Babylon IDA, MGM Appraisers & Consultants, Smith-Hays & Associates and Judith K. Beckman.

The outing benefitted LIDC's Procurement Division which provides free counseling to help entrepreneurs obtain and perform on government and private sector contracts.

LIDC, in addition to procurement counseling, provides a variety of low cost financing to entrepreneurs and not for profits. Major programs include the SBA 504 second mortgage loan program- available to small businesses buying
their own buildings,condos,coops or equipment- up to 40% of project cost at low fixed rates. LIDC also offers the New Market Loan Fund- 40% second lien low cost loans to help not for profits and small businesses acquire their
own homes. LIDC provides the 504 and New Market Loans throughout Long Island and New York.