About Us

Meet the Team

BDC Capital’s team of seasoned and skilled professionals are the best from in the industry. Our diverse and exceptional staff come from a decorated background of success in order to deliver an unparalleled level of astute performance, integrity, and service.



Kenneth J. Smith

Ken is a director of Rhode Island Capital. Rhode Island Capital manages several mezzanine investment funds, to compliment a broad array of small business loan programs that they have used to serve local area businesses. Rhode Island Capital now has more than $600 million in loans and investments to hundreds of companies.

Ken is a graduate of the University of Massachusetts and Northeastern University and he has won numerous accolades over the years, including being named one of Boston’s Ten Outstanding Young Leaders.

Paul F. Flynn, Jr.
President & CEO

Paul is the President and CEO of Rhode Island Capital as well as New England Certified Development Corp., the company’s SBA 504 lending affiliate.  Mr. Flynn’s role includes strategic development and oversight of both internal operations and new business development throughout New England. His experience includes over 30 years of lending to the New England business community.

Prior to joining Rhode Island Capital, Mr. Flynn served as Regional Leader and SVP ABL Dept. Manager & Commercial Lending at Berkshire Bank, ABL Department Manager of TD Bank, and Senior Vice President of Banknorth.  Mr. Flynn began his banking career at BayBank in 1986. He received his undergraduate degree from Fairfield University and a MBA from Babson College.

Mr. Flynn is a member of the National Commercial Finance Association and the Association for Corporate Growth, and is a past President of the Turnaround Management Association’s Northeast Chapter.

Carol Brennan
Rhode Island Business Development

Carol Cedrone Brennan is the Director of Business Development for BDC Capital. She is responsible for keeping the BDC Capital name before the business, banking, and investment communities. Her primary focus is on BDC Capital’s asset-based lending, term debt, and mezzanine financing throughout the six New England states, as well as the Massachusetts Recycling Loan Fund and business development for RI Capital Corporation. Carol is a past board member of the New England Chapter of the Risk Management Association (RMA) and the Westmass Area Development Corporation.

Carol’s previous professional career included positions with a finance and marketing consulting firm, an injection molding company, and a computer manufacturer. She earned a B.A. in finance from the University of Massachusetts at Amherst and a master’s degree in management from the MIT Sloan School of Management.

T: 413-237-6648

E: cbrennan@bdcnewengland.com

Nancy Gibeau
Rhode Island Business Development

Nancy Gibeau, Senior Vice President / Rhode Island Director of Business Development, covers the state of Rhode Island and southeastern Massachusetts.  Nancy has over 25 years of experience in banking and lending, and completed course work with RMA (LORS Program), Babson College School for Commercial Lending, and NAGGL (National Association for Guaranteed Government Lenders).

She previously served as the Senior Manager of Lending Services for the New Bedford Economic Development Council where she established an SBA Micro Loan Program through the assistance of the U.S. Small Business Administration (SBA) Massachusetts District Office.  The result was numerous grants to the City for technical assistance and the funding of programs such as “MBA in a Day” for small business owners.  Prior to that, she was a Small Business Lender for Compass Bank for Savings providing 7(a) and direct loans to the fisheries industry.

Nancy received two awards from SBA including the Woman in Business Champion Award for Massachusetts as well as for the New England Region.

Nancy graduated from the University of Massachusetts at Dartmouth with a B.S. in Management and is fluent in Portuguese

T: 508-254-7891

E: ngibeau@bdcnewengland.com

Shauna Mancinelli

Shauna is a Senior Credit Analyst for BDC Capital’s Asset Based Lending group and RI Capital. Shauna joined the BDC team in 2020 as a Credit Analyst for New England Certified Development Corporation, the company’s SBA 504 lending affiliate. In 2020, Shauna graduated from Fairfield University where received her Bachelor of Science degree in Accounting and Finance. Shauna’s primary role at BDC is as an underwriter and field examiner. She is also involved in the administration of both the Mass. Capital Access Program (MA CAP) and the RI Capital Access Program (RI CAP). 

T:  781-928-1137

E:  smancinelli@bdcnewengland.com