News

RI Capital – SSBCI Loan Participation Program up to $3 Million

January 4, 2024

Rhode Island Capital Awarded $13 Million for SSBCI Loan Participation Program to Support RI Businesses Rhode Island Capital Corporation (RI Capital), an affiliate of BDC Capital Corporation, has been awarded $13 million from Rhode Island Commerce Corporation under the State Small Business Credit Initiative (SSBCI).  Eligibility:  A business must be headquartered in RI with fewer than 500 employees Maximum loan from RI Capital of $3 million A bank or credit union must participate in at least 50% of the loan Benefits of the program: Typically subordinated to th

BDC Capital Supports Ron Burton Training Village With Annual Meeting Donation

January 3, 2024

November 9, 2023 BDC Capital is a proud supporter of the Ron Burton Training Village (RBTV) in Hubbardston, Massachusetts. The RBTV has a legacy of providing unlimited, life-changing opportunity for youth whose situation and circumstance might inhibit their chance at success. “We have supported the Ron Burton Training Village for many years with both monetary support as well as volunteer time by our employees each spring to prepare the Village for the summer programs,” said Paul F. Flynn, Jr., President of BDC Capital.  “It’s a great organization that provides life changing

BDC Community Capital Corp.: CDFI Borrower Reaches Full Lease-Up

Community Capital Client, GromaCorp, Project Mosaic, Reaches Full Lease-Up in Lynn BDC Community Capital Corp. provided financing with HarborOne Bank to GromaCorp, Inc., an innovative real estate and technology startup and real estate sponsor. Mosaic, the flagship property of Groma & US Boston Opportunity Zone Fund located in the Boston suburb of Lynn, is now stabilized with over 98% of its 146 residential units leased as of mid-August 2023. The property was completed and received its certificate of occupancy less than one year ago in September 2022. Mosaic opened with comp

BDC Capital Programs At A Glance

BDC Capital Programs At A Glance Looking for a way to mitigate risk in a deal? BDC Capital is a private company that works with lenders and investors to provide innovative financing for New England businesses. We have a vast array of financing solutions to get a deal done! BDC Asset-Based Lines of Credit Loans from $500,000 to $10 million Working capital loans secured by accounts receivable and inventory BDC Term Loans Loans from $500,000 to $10 million For working capital, debt refinance, real estate, machinery & equipment, buyouts, and acquisitions Can of

Recent Deals Funded by BDC Capital

Recent Deals Funded by BDC Capital BDC Capital recently funded these ABL and mezzanine capital deals, each in partnership with a bank. Please keep us in mind to fill the “gap” with a financing solution for your customer or prospect during this dynamic credit environment. Situation: A consumer packaged-goods distributor needed working capital to support a geographic expansion and increasing sales. The company experienced annual losses due to the capital investment in two new warehouses but interim results showed a return to profitability. Its long-time banker reached out t

2022 Transactions Funded by BDC Capital

2022 Transactions Funded by BDC Capital BDC Capital had a very successful year in 2022. Listed below are some of the transactions we funded including ABL, term debt, mezzanine capital, Mass. Recycling Loan Fund, and CDFI loans. We expect that in 2023, our 70th year in business, we will have even more opportunities to help bankers get deals done and to help New England businesses grow. We are open for business!!!

BDC Capital Welcomes StonehamBank as a Member Bank

BDC Capital Welcomes StonehamBank as a Member Bank StonehamBank, headquartered in Stoneham, Massachusetts, recently became a BDC Capital member bank and joins 39 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs. Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated that “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their institution's lending capacity.&

BDC Capital Turns 70 in 2023!

BDC Capital Turns 70 in 2023! BDC Capital is proud to mark its 70th anniversary in 2023. Established in May 1953 in Boston, Massachusetts by a group of bankers and industry leaders, we continue the mission of working with lenders and other advisors to help their customers and prospects succeed by providing innovative financing solutions. Since that time, BDC Capital has had tremendous growth and has provided more than $2 billion of financing to thousands of companies in New England. All of us at BDC Capital are excited to take on the financial industry’s newest challenges in the co

CDC New England SBA 504 CT Lender of the Year!

CDC New England - SBA 504 CT Lender of the Year! CDC New England received an award for “SBA 504 Loan Lender of the Year” (dollar volume) from the U. S. Small Business Administration's Connecticut District Office. Our SBA 504 lending team was present to receive the award during the SBA's annual meeting on December 13th. We are proud to receive this outstanding award again and are honored to be able to serve bankers and the small business community in Connecticut!

BDC Capital Welcomes Cape Cod 5 as a Member Bank

BDC Capital Welcomes Cape Cod 5 as a Member Bank The Cape Cod Five Cents Savings Bank (“Cape Cod 5”), headquartered in Hyannis, MA, recently became a BDC Capital member bank and joins 39 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs. Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated that “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their ins