News

Tight Cash Flow? Leveraged Balance Sheet? Insufficient Collateral?

January 3, 2024

Tight Cash Flow? Leveraged Balance Sheet? Insufficient Collateral? Solution for Lenders: Term loans from $500,000 to $5 Million. If you’re looking at a deal that has tight cash flow, a leveraged balance sheet or insufficient collateral, especially in today’s economic environment, give us a call at BDC Capital. We are here to help bankers get deals done with an array of highly flexible programs. Partnering with BDC Capital can help you land a new deal, or retain and grow an existing relationship. Consider a BDC solution for a piece of the financing or to participate with

BDC Capital Welcomes Needham Bank as A Member Bank

Needham Bank recently became a BDC Capital member bank and joins over 30 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. Needham Bank is a great addition to our membership.” Joe Campanelli, Needham Bank

BDC Capital Asset-Based Lending: Retain a Customer During Economic Uncertainty

January 21, 2021

If you’re looking at a deal that has a leveraged balance sheet, temporary losses, or insufficient collateral, especially in today’s economic environment, give us a call at BDC Capital. We are here to help bankers get deals done with an array of highly flexible programs. Listed below are three deals in New England that BDC Capital provided a fully-followed asset-based line of credit. Many times, the existing bank was able to maintain the treasury management services. If you are aware of company with a financing need of $500,000 to $5 million and above that doesn’t fit a bank�

BDC Capital Announces $2.5 Million ABL Financing for a New England Recycler

December 17, 2020

December, 2020 BDC Capital provided a $2.5 million revolving asset-based line of credit to a family-owned recycler based in New England.  The metals recycler and processor operates out of multiple locations, and recently expanded their facilities to meet the demands of their expanding customer base. The BDC Capital revolving line of credit is secured by accounts receivable and inventory and provides purchase order financing. The BDC  credit facility closed concurrent with a restructuring of their term debt facilities by a local community bank. The combination of BDC

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

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

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

RHODE ISLAND CAPITAL ACCESS PROGRAM (RI CAP) LENDER RANKING Through July, 2019

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

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

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