LIDC's Loan Menu Includes 5 Revolving Loan Programs

LIDC makes loans to businesses that cannot otherwise obtain traditional bank financing. These loans provide access to capital as gap financing that enables small businesses to grow, retain employees and create new jobs. Each low-cost loan program offers terms and conditions only offered by a full-service community economic development finance agency. LIDC offers flexible, accommodating, one stop shopping for all borrower services, including loan preparedness assistance. LIDC utilizes state of the art, secure customized electronic loan applications for each loan fund. To make the borrower experience simple and organized.

LIDC Funds Loans from $50,000 - $500,000 - 10% APR - No Prepayment Penalty
LIDC processes/underwrites loans, close/fund loans and service loans, all under one roof:

Sponsored by:

• BankUnited
• NYS, Empire State Development
• US Dept Commerce, Economic Development Administration

For more information, please call:   516 433 5000   biz-loans@lidc.org