Local Development Corporation

Local Development Corporation definition - finance
An investment company that has been certified by the Small Business Administration (SBA) to help finance small businesses. An LDC can obtain special financing from the SBA that enables it to extend long-term, fixed-asset financing to local small businesses.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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