January 3, 2024
BDC Community Capital Corp. (CDFI) Announces $1 Million Line of Credit Financing for a Commercial Electrical Contractor
BDC Community Capital Corp., a Community Development Finance Institution (CDFI), and an affiliate of BDC Capital, provided a $1 million line of credit to a commercial electrical contractor based in New England. The company has grown over a 25-year period and provides a full range of electrical installation services for commercial and residential building projects.
To support the contractor’s increase in growth, BDC Community Capital refinanced their non-bank lender which reduced interest costs and provided additional working capital. The line is secured by all business assets and real estate.
The company is a certified Minority Business Enterprise (MBE) and therefore eligible for a loan through BDC Capital’s affiliate, BDC Community Capital Corp., a Community Development Finance Institution (CDFI) which provides financing to woman and minority owned businesses, as well as businesses in low-to-moderate income areas. More information can be found at: www.BDCCommunityCapitalCorp.com
ABOUT BDC CAPITAL:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. More than 30 of New England’s leading financial institutions invest in BDC to help promising companies expand. Since our creation in 1953, we have invested more than $1 billion in thousands of companies in New England.
Whether the need is $500,000 or $5 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, senior debt, junior secured debt, mezzanine investments and private equity options, all of which are customized to suit the needs of a business.
Our affiliates include CDC New England, which provides SBA 504 loans for owner-occupied real estate and equipment, and BDC Community Capital Corp., a CDFI.
For more information, visit our web site, call us at 781-928-1100, or contact:
Carol C. Brennan