45 Seaman Avenue
Bethpage, New York 11714
866 433-5432
Bethpage, New York 11714
866 433-5432
Long Island Development Corporation (LIDC) is part of a 501C3 not-for-profit economic development family providing a variety of low cost loan programs and free technical assistance to help businesses and not-for-profit organizations in New York, New Jersey and Connecticut.
Money and Technical Assistance for Small Businesses and Not-For-Profits Since 1980
Copyright 2008 LIDC Website by Mrs.Graphix
Long Island Development Corporation Phone: 866 433-5432
45 Seaman Avenue Fax: 516 433-5046
Bethpage, New York 11714 Email: info@lidc.org
45 Seaman Avenue Fax: 516 433-5046
Bethpage, New York 11714 Email: info@lidc.org
LIDC Borrower KND Wins LIA Award
Kristine and Nanci-Jean DeNapoli, owners of KND Licensed Electrical Contracting & Services Corp. received the prestigious Long Island Association Women in Business Advocates Award. KND is a 100% third generation
woman owned firm. Kristine is a NYC Master Electrician. The DeNapoli's credit their new 7200 square foot building in Deer Park with enabling a doubling of their sales this year. KND's building was financed by
LIDC with an SBA 504 loan behind Adams National Bank. The LIA Award was presented by LIA Small Business Council Chair Phyllis Hill Slater (also Vice Chair of LIDC) and NYS Senate Majority Leader Dean Skelos.
woman owned firm. Kristine is a NYC Master Electrician. The DeNapoli's credit their new 7200 square foot building in Deer Park with enabling a doubling of their sales this year. KND's building was financed by
LIDC with an SBA 504 loan behind Adams National Bank. The LIA Award was presented by LIA Small Business Council Chair Phyllis Hill Slater (also Vice Chair of LIDC) and NYS Senate Majority Leader Dean Skelos.
Phyllis Hill Slater (Chair, LIA Small Business Council), Dean Skelos (NYS Senate Majority Leader) and Roslyn Goldmacher (President & CEO, LIDC)
Phyllis Hill Slater (chair LIA Small Business Council);
Steve Molfetta, VP LIDC; KND principals
Steve Molfetta, VP LIDC; KND principals
LIDC, serving the community for almost 30 years, has made over $750 million in direct loans, leveraged an additional $2.5 billion in private capital for projects, helped entrepreneurs obtain over $1.7 billion in government contracts, and created/retained over 45,000 jobs for our economy.
SBA 504 and the Credit Markets Crisis - Open for Business!
In spite of the credit crisis that has gripped our economy - the SBA 504 program continues on - strong, well funded, and still lending to small businesses. Many financial institutions have tightened credit criteria or slowed lending for commercial expansion. The SBA 504 product is here to help keep serving your small business clients and prospects. As you know, SBA 504 is funded by the issuance of bonds, pooled and sold to major institutional investors because of the 100% SBA guarantee of the pool. This full faith and credit backing for the 504 loans has attracted more investors in this 'flight to quality environment.' 504 pool issuance has actually increased almost 6% in fiscal 2008 to a record $5 billion. Investor base for the 504 pool has greatly expanded due to the security of the product, its liquidity in this market and the 27 year record of regular calendars and clear pricing rationales. Interest rates on the 504 loans have remained in a fairly stable range throughout this crisis.
