Business Loans and Economic Development

Where smart businesses go for low cost loans!
4% APR up to $500,000

Monday, March 25, 2019
   

Long Island Development Corporation

Corporate Office:
175 Engineers Road
Suite 200
Hauppauge, New York 11788

Tel: 1-516-433-5000
Fax: 1-516-433-5046
Email: info@lidc.org
Up Coming Events...

Long Island Association

April 3, 2019

Woodbury

11:00 AM

2:00 PM

 

 

Long Island Association (LIA) Spring Luncheon

Sports Legends: Mariano Rivera and Jack Nicklaus
make a special Long Island appearance.


Crest Hollow Country Club
Jericho Turnpike
Woodbury, NY 

 

For Sponsorship Packages, Table/Tickets/Journal Ads

and additional information call LIA  Office: 631 494-3009 or 3033

More info...

SCWBEC Sponsor Showcase & Luncheon

April 25, 2019

Babylon, NY

9:00 AM

3:00 PM

 

Suffolk County Women's Business Enterprise Coalition (SCWBEC)

Annual Sponsor Showcase & Luncheon

9 am - Noon The Sponsor Showcase

12:30 - 3 pm Luncheon & Keynote Speaker Kathleen King 

 

The Piermont
494 Fire Island Ave
Babylon, NY 11702

 

Luncheon tickets: $55 Early Bird Price until April 10th

Information and registration:  www.scwbec.org or call: 631 468-7050

More info...

LI Hispanic Chamber of Commerce, Inc.

May 17, 2019

New Hyde Park

11:00 AM

2:00 PM

 

14th Annual Latina Hat Luncheon

 

The Inn, New Hyde Park
214 Jericho Turnpike

New Hyde Park, NY 11040

 

Sponsorship & Reservations please call 516 333-0105

More info...

Long Island Association

May 17, 2019

Woodbury

6:00 PM

11:00 PM

 

Long Island Association (LIA)

Annual Awards Gala  

Black Tie:  6pm

Crest Hollow Country Club
Jericho Turnpike
Woodbury, NY 

 

For Sponsorship Packages, Table/Tickets/Journal Ads

and additional information call LIA Gala Office: 631 494-3009 or 3032

More info...

HIA-LI 31st Annual B2B Trade Show

May 30, 2019

Brentwood, NY

9:00 AM

3:00 PM

 

Hauppauge Industrial Association-Long Island

 

31st Annual Trade ShowYour Business Connected
LI's largest B2B Trade Show & Conference

 

Suffolk County Community College Sports & Exhibition Center

Brentwood, New York

 

Information & Registration:  info@hia-li.org  www.hia-li.org

More info...

Capital Asset Financing

Many entrepreneurs dream of owning a commercial building to house their company.  Property ownership provides stability for the business and growth opportunities. It also helps the business owner and his or her family build equity and financial sustainability. Often, these dreams remain a dream because the reality requires that the entrepreneur apply too  much of scarce working capital resources to the capital project.  LIDC is pleased to be able to bring low downpayment,  fixed rate financing to the table for the benefit of  eligible small businesses and nonprofits.

SBA 504:  For over thirty years LIDC was  one of the leading direct providers of SBA 504 financing. Today, LIDC helps entrepreneurs access SBA 504 financing. On Long Island and throughout New York State, LIDC works with New York Business Development Corporation (NYBDC)  to bring 504 financing to appropriate projects. LIDC also has relationships with 504 development companies throughout the nation. Under SBA 504, a for profit small business can finance up to 90% of total project cost. Project cost includes acquisition, construction, renovation and soft costs related to land, buildings, condo’s and coops for your business.  Machinery and equipment can also be financed by SBA 504. Eligible businesses include retail, service, professional service, wholesale and manufacturing.  A bank or other lender provides 50% of project cost as a first mortgage loan. Forty percent  (up to $4 million) comes from the 504 company as an SBA 504 loan (US Small Business Administration). The small business or its owners inject 10% into the project. This preserves essential working capital. The 504 loans are funded by the sale of debentures guaranteed by SBA. They can be for 10 or 20 years and are self amortizing at a below market fixed rate.

LIDC can also help businesses access other capital asset financing programs such as the New York Job Development Authority second mortgage loans, Industrial Development Agency bond  financing or straight lease back incentives. And, LIDC will bring all appropriate resources to the table including utility or real estate tax abatement programs, interest rate subsidy programs etc. through its 30+ years of experience and  vast network of resources and partners. Many of these programs can be combined to provide maximum benefits for businesses and nonprofits.

For more information about any of these capital asset financing programs, contact LIDC at 516 433 5000 or e mail us at biz-loans@lidc.org.




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