Company Information

Get to know Long Island Development Corporation

Founded in 1955, the Long Island Development Corporation (LIDC) is a private, not-for-profit economic development organization. Its mission is to foster economic growth and create jobs on Long Island by providing affordable, long-term financing and technical assistance to small and mid-sized businesses. LIDC is a Certified Development Company (CDC) authorized by the U.S. Small Business Administration (SBA) to administer the SBA 504 loan program, alongside offering other loan programs and business support services.

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Long Island Development Corporation

United States

Founded in

1980 (46 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.