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1980
- Chartered as LI's SBA 504 Certified Development
Company
1981
- Provide packaging of SBA 7A Direct Loans
to LI businesses
1983
- Initiate NY JDA Branch Bank Program &
become first branch bank in NY
1986
- Granted DOD contract to conduct Procurement
Technical Assistance Program for LI
1987
- Institute active in house program of counseling
for small business
1988
- Provide packaging of UDC loans for minority
& women-owned LI companies
1988
- Establish marketing agent program with NYBDC
& become first marketing agent in NY
1990
- Create consortium to televise Northville
Sr PGA Golf Classic & use commercials
& tent time to promote LI as place to
do business
1990
- Start LIDC placement division, packaging
& placing conventional loans for LI small
businesses
1990
- Establish relationship with nonbank 7A
& first mortgage lender - ITT
1992
- Become local agent for nonbank 7A &
first mortgage lenders-ATT & Zions
1994
- Created EDA/NYS funded programs for Defense
Diversification and Fisheries Assistance Revolving
Loan Funds for LI
1994
- Become local agent for nonbank first mortgage
lenders - The Money Store and Business Loan
Center
1995
- Assist in underwriting for Hempstead Minority
& Women's Revolving Micro Loan Fund (funded
by NYS UDC)
1996
- Establish relationship with Associates Capital
& GE Capital to make 7A and first mortgage
loans to LI companies
1996
- Become underwriter for Suffolk County Revolving
Loan Fund using HUD 108 moneys
1997
- Co-found & participate in L.I. Neighborhood
Development Initiative to help revitalize
LI communities
1998
- Recapitalize and expand Defense Diversification
RLF to Targeted Industry RLF
1998
- Co-found - National Small Business Investment
Company providing venture capital for community
development - DCC Growth Fund
1999
- Create and operate LI Small Business Assistance
Corporation - Micro Loan Fund for WBE's; certified
as CDFI & CDE by US Treasury
1999
- Created No. Hempstead RLF for revitalization
1999
- Co founded Rebuild LI Partnership to promote
energy efficient buildings
2000
- Create and administer Small Business RLF
for the Town of Hempstead
2001
- Co Found LI Fund for Sustainable Development
& LI Redevelopment Institute - to help
redevelop brownfield sites and assist communities
in revitalization
2002
- LIDC moves into a home of its own!!!
2003
- LIDC institutionalizes popular Annual
Awards as PTAP fundraiser.
2004
- LIDC becomes administrator for LI Fund for
Sustainable Development's (CDFI/CDE) LI Minority
& Womens Revolving Loan Fund funded
by NYS
2004
- LIDC agrees to be sponsor/administrator
for NY Main St. Program/NYS Downtown Anchor
Grant for Long Beach City
2004
- LIDC converts to SBA Centralized Processing
for 504 loans; converts to LMS Software System
2004
- LIDC institutes the PTAP Library Circuit
Series of Seminars
2005
- SBA 504 loan limits increased ($1.5 mil
regular deals; $2.0 mil public purpose; $4.0
mil manufacturers)!
2005
- LIDC creates Village of Hempstead Small
Business Revolving Loan Fund
2005
- LIDC expands its geographic scope with the
creation of Greater New York Development Co.
(GNYDC) allowing GNYDC/LIDC to provide low
cost, low fixed rate second mortgage loans
to small businesses throughout New York State.
2006 - LIDC/GNYDC expands 504 to New Jersey and Connecticut making it a tri-state CDC
2007 - LIDC/GNYDC offers New Market Fund in northeast as representative for Community Reinvestment Fund, providing low cost second mortgages for not-for-profit entities and small businesses who need an alternative to SBA 504 loans
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