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LIDC Meets With
SBA
Administrator
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Just recently confirmed by the US Senate, the new US Small Business Administration Administrator Steve Preston met with Roz Goldmacher, President and CEO of LIDC. |
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LIDC Helps Rescue
the HMS Bounty |
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 The
HMS Bounty Organization (based in Oakdale, Long Island,
NY), which purchased and is restoring the ship to
her former glory, is planning an exciting future for
the vessel. "Seaside festivals, corporate outings
and sponsorships, tall ship gatherings, a movie set,
television commercials and teaching 18th century seamanship
skills will be offered as part of her almost limitless
possibilities," says Bob Hansen President of
the HMS Bounty Organization. READ
MORE |
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BUSINESS
LOANS
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| Small Businss Loans |
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10 or 20 year, low fixed rate second mortgage loans for small businesses. 40% of total project cost (maximum $4 million) including acquisition, construction, renovation, soft costs for building, condo, co-op, leasehold, commercial vessel, machinery. Bank or other lender lends 50% in first mortgage position. 10% down by small business. For manufacturers, wholesalers, service, professional service, retail businesses start up or existing.
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New Market Loan Fund
Small Business & Not-For-Profit Loans |
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| 25 year low fixed rate second mortgage loans for small businesses and not-for-profit entities. 40% of total project cost, 50% from another lender in first mortgage position and 10% from borrower (maximum $2.5 million). For acquisition, construction, renovation, soft costs related to capital asset. Can also refinance. . |
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NJ Truck Parts Distributor/Maintenance Co Expands With Help of SBA 504 and CIT
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Ace Drive Products is a ten+ year old distributor of truck parts, also providing repair services for large trucks and tractors. Originally located in less than 30,000 square feet in Elizabeth, NJ, the company has relocated to a 41,000 square foot facility, also in Elizabeth.
Principals and brothers Dvir and Ronnen Gilady started the business in 1996 in Elizabeth, a major crossroads for the NY metropolitan area with a NJ Tpke. Interchange and busy US Routes 1 and 9- all providing easy access for their truck clients. READ MORE
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LIDC Borrower Receives Award Credits LIDC For His Success
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LIDC Borrower Raj Mehta (right) , owner of Infosys, a computer technology firm, received Business of the Year Award from the Nassau county Office of Minority Affairs. In his remarks, Raj credits LIDC with being a major key to his success. READ MORE |
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Pottery Maker Plants Roots Solidly In Coram |
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For every flower or plant, moving from the earth in which they are planted to someone’s yard, table or wedding, there has to be a container. Hence the growth of pottery and planters wholesalers, Planter Resource Inc. and Pottery King Inc. That growth has enabled them to purchase a 26,000 foot facility in Coram where they will use 17,000 feet to consolidate warehouse operations from the NYC Flower Market District and Coram in one space. READ MORE |
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Accounting Firm Takes
Its Own Advice
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One accounting company which took its own advice is MCM Tax Services Ltd. In business for 16 years, principal Mark Caulo has long been advising his tax clients to invest in real estate and take advantage of the associated deductions. When the opportunity arose to acquire his premises in East Islip, Mark saw not only the tax benefits but the opportunity to invest in something tangible for his family’s future. READ MORE
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High End Cabinetry
Company Expands
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Manufacturer of high end cabinetry for the hotel industry, Woodmotif Inc. has purchased an 8,400 sqft building in Hempstead for its growing operations. Coming from its original location in Brooklyn, the company is also known for its custom work on office interiors, medical clinics and high end home theater cabinetry. READ MORE
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