Our Blog

December, 2020 The RMA (Risk Management Association) New England Chapter hosted a Zoom Webinar on Asset-Based Lending (ABL) on December 3rd, 2020 which was viewed by commercial lenders.  The Chapters’ Women’s Affinity Group planned the event.  Caitlin Martell and Carol Brennan participated in the presentation. Panelists included: Caitlin Martell, Assistant VP, Asset Based Lending, BDC […]

Greg Buscone, Eastern Bank Executive Vice President, Senior Commercial Banking Officer, Joins BDC Capital Board of Directors BOSTON, MA, November 19, 2020 – Eastern Bank is pleased to announce that Greg Buscone, Executive Vice President, Senior Commercial Banking Officer, has joined the Board of Directors of BDC Capital, an economic development company that provides financing […]

November, 2020 Headquartered in Boston, Katsiroubas Bros. is one of New England’s premier food wholesalers carrying a wide selection of high-quality produce, dry goods, pastries, beverages, cheese and dairy, including local & specialty products. Family-owned and operated for over 100 years, Katsiroubas continually adjusts its products and level of service to meet the needs of […]

BDC Capital and MCRC are pleased to announce a mezzanine investment in NOBULL. Headquartered in Boston, NOBULL is a direct-to-consumer athletic footwear and apparel company focused on the training space. As a leading brand in the category, NOBULL sponsors high-profile Crossfit athletes including Tia-Clair Toomey, Brooke Wells, Katrin Davidsdottir, NFL athlete Will Grier and Olympic […]

BayCoast Bank worked with Nancy Gibeau, our RI market business development officer, on this amazing loan to a woman-owned small business. Nancy mentioned “From the moment I met her and throughout the entire process, she impressed me—organized, professional, customer service oriented and focused—is how I would describe this remarkable young lady.” Our team is happy […]

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 […]

Paul F. Flynn, Jr., President & CEO of BDC Capital Corporation, the oldest business development corporation in the United States, is pleased to announce the following promotions for BDC Capital and its affiliate, CDC New England: Susan Forrester was promoted to SVP Loan Administration.  Her expertise and command of the SBA 504 loan closing process […]

  Congratulations to Dave Raccio, Mike Topalian, and our entire team! Pictured from left to right:  Wendell Davis, SBA, Mike Topalian, Dave Raccio, Mark Hayward, SBA.

CONNECTICUT – U.S. Small Business Administration (SBA) lending in Connecticut increased 8% in dollars in the most recent federal government’s  fiscal year that ended September 30th – 776 loans were approved consisting of 661 guaranteed loans, 64 – 504 loans and 51 microloans.   The increased lending indicates positive activity within the financial industry. Banks continue to take on more loans and small businesses […]

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 […]