BDC Programs At A Glance:
BDC Capital is a private company that works with lenders and investors to provide innovative financing for New England businesses.
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 offer longer repayment terms, higher advance rates and junior secured debt
Mezzanine Funds
- Investments from $1 million to $7 million and above
- Mezzanine financing for privately held and family-owned businesses which have a junior capital need but whose owners prefer not to relinquish a controlling ownership interest
- Market rate of interest plus a success fee or warrant or both
- For well-managed, strongly positioned companies located in the Northeast for growth capital and acquisition financing
Massachusetts Recycling Loan Fund (RLF)
- Loans from $50,000 to $500,000 for Massachusetts businesses
- Terms up to ten years
- Direct loans to solid waste recycling or re-use businesses
- For working capital, debt refinance, real estate, machinery & equipment, and acquisition financing
Capital Access Program (CAP) in MA and RI
- Cash collateral guarantees for loans up to $500,000 in MA and $750,000 in RI
- Average loan size $100,000
- Minimum fees of 3% with a matching CAP payment
SBA 504 Term Loans
CDC New England
www.cdcnewengland.com
- Long-term loans for purchasing land and buildings, new construction, renovation and leasehold improvements, machinery & equipment
- Lowest cost; low rate fixed for up to 25 years
- Down payment financing, if needed
- Bridge financing available
- Up to 100% financing available
- Refinancing including with cash-back available
Community Development Finance Institution (CDFI) Loans
BDC Community Capital Corp.
www.bdccommunitycapitalcorp.com
- Loans from $50,000 to $5 million
- For minority-owned businesses, and businesses that are located in or impact low-to-moderate income (LMI) communities.
Rhode Island State Small Business Credit Initiative (SSBCI) Loan Participation Program
Rhode Island Capital Corporation
www.ricapitalcorp.com
- Participating loans from $100,000 to $3 million for Rhode Island businesses with fewer than 500 employees
- A bank or credit union must participate in at least 50% of the loan
- Competitively priced with flexible structure
- For most business purposes
For more information contact BDC Capital: 781-928-1100
www.bdcnewengland.com
