Long Island Development Corporation

The Long Island Development Corporation (LIDC) is a leading economic development lender based in Hauppauge, New York, specializing in providing low-cost business loans to small enterprises since 1980. With a mission focused on enhancing business growth capacity, LIDC offers a range of financial resources, technical assistance, and procurement support to entrepreneurs who face challenges in accessing traditional bank financing.

Over the past 39 years, LIDC has facilitated more than $750 million in direct loans and enabled an additional $2.5 billion in private capital for various projects, significantly contributing to local job creation. The organization has also played a vital role in assisting small businesses in obtaining government contracts, totaling over $1.7 billion, while prioritizing support for minority and women-owned business enterprises.

Generated from the website