• RI CAP: Added Collateral to Enhance Your Small Business Loans

    June 26, 2020

    As You Help Your Customers Re-Open: . The Rhode Island Capital Access Program (RI CAP) is an easy-to-use Main Street and small business loan program from $1,000 to $750,000 for Rhode Island businesses. . RI CAP provides additional cash collateral to lenders seeking to help their clients re-open. . Very little paperwork + Simple to use + Cash reserves = Makes borrowers and lenders Very happy! Use your own bank application, approval procedures, and forms. Negotiate your own interest rates, points, and fees. RI CAP helps to mitigate risk on small business loa

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  • BDC Capital Provides $400,000 Loan for RI Distributor

    September 26, 2019

    Case Summary:  BDC Capital provides $400,000 term loan for a Rhode Island distributor through the Goldman Sachs 10,000 Small Businesses Initiative program. Overview: A family-owned refrigerated transportation and warehousing business based in Rhode Island needed to restructure several loans. The company takes in products primarily from food manufacturers and transports the products to points throughout the Northeast. Challenge: The existing bank did not want to lose the entire relationship but was unwilling to accommodate the request for a debt restructure. Solution: BDC Cap

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  • BDC Capital Achieves $2.5M Milestone for GS 10K Small Businesses RI Loan Program

    September 5, 2019

    BDC Capital is pleased to announce that over $2.5 million of loans through the Goldman Sachs 10,000 Small Businesses loan program has been funded to Rhode Island small businesses.  Goldman Sachs, in conjunction with other small business loan initiatives of Governor Gina Raimondo, committed $5.0 million to this program.   If you have a client in need of flexible financing, contact us about this program and our other innovative financing solutions.   To be eligible for a loan from the 10,000 Small Businesses Initiative, a company must: be located in Rhode Island ha

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    August 27, 2019

    The Rhode Island Capital Access Program (RI CAP) is a unique small business loan program for loans up to $750,000 for businesses located in RI. It simplifies borrowing for local businesses and provides access to hard to find capital. Twenty banks and credit unions have signed up as partners to extend credit to bring more capital to companies in Rhode Island. RI CAP helps to de-risk small business loans for participating financial institutions by strengthening the collateral backing the loans. CAP can be used for term loans and lines of credit to both for-profit and non-profit businesses w

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  • Rhode Island Capital Corporation Funds Landscaping Service

    March 19, 2018

    Rhode Island Capital Corporation is pleased to announce that a Goldman Sachs 10,000 Small Business Initiative loan has been funded for Roderick Landscapes, Inc. to help acquire Fred. T. Kirby & Sons of Middletown, Rhode Island. The announcement was made by Carol Cedrone Brennan, Director of Business Development for RI Capital.   Roderick specializes in full-service landscaping and snowplowing services for residential and commercial customers throughout Newport County, RI. The company is wholly-owned by Paul H. Roderick, who has been a landscaper on either a part-time or full-tim

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  • Smithfield, RI Company Receives Financing Through RI Capital Corporation

    September 18, 2017

    SMITHFIELD, RHODE ISLAND, SEPTEMBER 18, 2017: Cool Air Creations, Inc., a full-service commercial screen printer and embroiderer recently received much needed capital to expand its operations through the Goldman Sachs 10,000 Small Businesses loan program and the Rhode Island Capital Access Program initiated by Rhode Island Capital Corporation.   According to Carol Brennan, Director of Business Development for Rhode Island Capital Corporation, an affiliate of CDC New England and BDC Capital, Cool Air Creations was in need of high end printing equipment to grow its business and was ab

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  • RI Organization Expands with Help from Capital Access Program

    August 31, 2017

    PROVIDENCE, RHODE ISLAND, August 7, 2017: The Capital Good Fund, a Providence-based nonprofit lender received capital from the recently launched Small Business Capital Access Program (CAP). According to Andy Posner, founder and CEO of The Capital Good Fund, this loan from the Capital Access Program will go directly into the hands of those who need it, in the form of small dollar personal loans. “The money we lend to impoverished families goes toward a variety of things- vehicle purchases or repair, security purchases, or general emergencies,” Andy continues, “We had a lot of luck wit

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