Long Island Development Corp
The Long Island Development Corporation (LIDC) is a premier resource for low-cost small business loans, providing financial assistance to entrepreneurs since 1980. With a mission to enhance business growth capacity, LIDC offers a variety of lending programs and technical support aimed at helping businesses succeed in Nassau and Suffolk Counties.
LIDC administers several targeted loan funds, including the Defense Diversification Revolving Loan Fund and the Fisheries Assistance Revolving Loan Fund, which are designed to assist businesses that struggle to secure traditional bank financing. Over its 39 years of service, LIDC has facilitated over $750 million in loans, leveraged an additional $2.5 billion in private capital, and contributed to the creation and retention of over 45,000 jobs in the local economy.
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