News

BDC Capital – Mass. Recycling Loan Fund – New Solid Waste Plan

November 18, 2021

Will the 2030 Solid Waste Master Plan create new opportunities for your business? Massachusetts has published the new 2030 Solid Waste Master Plan. The Plan sets aggressive waste reduction goals and places an increased emphasis on building new recycling markets in Massachusetts. The Plan also establishes new waste disposal bans. Effective next year on November 1, 2022: Mattresses will be banned from disposal. Textiles will be banned from disposal. The threshold for the commercial organics disposal ban will be lowered to apply to businesses generating one-half ton (currently

BDC Community Capital Corp. (CDFI) Announces $1 Million Line of Credit Financing

BDC Community Capital Corp. (CDFI) Announces $1 Million Line of Credit Financing for a Commercial Electrical Contractor October, 2021 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

BDC Capital / CDC New England Announces Promotion of David Raccio

September 16, 2021

BDC Capital Corporation is pleased to announce the promotion of David Raccio to Senior Vice President, Managing Director of Sales. Raccio will lead a team of business development officers located throughout New England with a focus on SBA 504 loans through BDC Capital’s affiliate company, CDC New England, an SBA 504 Certified Development Company. “Dave has shown a strong ability to work effectively with bankers and borrowers while navigating the SBA guidelines,” says Paul F. Flynn, Jr., President & CEO of BDC Capital. “Dave will continue CDC New England’s success as the only

BDC Capital Welcomes Newburyport Bank as A Member Bank

July 29, 2021

Newburyport 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. Newburyport Bank is a great addition to our membership.” Lloyd L. Hamm, Jr., Newbur

RMA New England Chapter Centennial Interview with Carol Brennan, Director of Business Development

July 23, 2021

RMA New England Chapter Centennial Interview with Carol Brennan, Director of Business Development, BDC Capital Corp. The interview was conducted by John Pratt, Jr., Senior Vice President, Commercial Lending, The Lowell Five Cent Savings Bank John Pratt: Thank you Carol, for sharing your thoughts and experiences with our chapter members. The Chapter is celebrating a 100 year history this year, and what a year it has been. Carol, when did you join the Chapter Board? Carol Brennan: Thanks John, for inviting me into this conversation. I joined the Chapter board back in 2003

BDC Capital Announces $4 Million ABL Financing for a New England Based Apparel Importer

June 10, 2021

June, 2021 BDC Capital provided a $4 million revolving asset-based line of credit to an importer of licensed and private label apparel based in New England. The privately-held company saw an increased demand for its leisure apparel during the pandemic. Given the significant increase in volume, their existing lender provided a larger line of credit but a seasonal funding gap created a challenge. A BDC Capital revolving line of credit was customized to satisfy the seasonal borrowing requirement. The BDC credit facility is secured by a junior position on all business assets, inventory, a

BDC CAPITAL: 68th ANNUAL MEETING HELD REMOTELY

May 26, 2021

BDC Capital holds its annual meeting in May of each year, and this May celebrates our 68th year in business. The annual meeting of the member banks was held remotely, but we’re anticipating that next year, we’ll hold our Boston annual meeting reception (the “banker’s ball”) in person! The following reflections on 2020 were presented to our member banks by Paul F. Flynn, Jr., President of BDC Capital. The year 2020 reflected the continued expansion of BDC Capital on several fronts. While the COVID pandemic muted general business activity, BDC’s mission-based approach to supp

BDC Capital: Massachusetts Recycling Loan Fund

May 19, 2021

Let us recycle some money into your business! BDC Capital: Massachusetts Recycling Loan Fund More than $18 million of flexible financing provided to Massachusetts businesses active in some form of SOLID WASTE RECYCLING Has growth placed a strain on your working capital? Would longer terms on equipment financing help reduce monthly payments and preserve valuable working capital? Are you in need of capital to expand? Administered by BDC Capital, and funded by the Massachusetts Department of Environmental Protection, the Recycling Loan Fund is an excellent way to obtain the fina

Mezzanine Investments: Cash Flow Deal? Business Acquisition?

April 22, 2021

Cash Flow Deal? Business Acquisition? Solution for Lenders: Mezzanine Capital $1 Million to $5 Million throughout New England. If you’re looking at a cash flow deal or an ownership change deal (partner buyout, succession planning, management buyout, or an industry consolidation) that has strong cash flow but insufficient collateral, give us a call at BDC Capital. We are here to help bankers get deals done with an array of highly flexible programs. MB Capital, an affiliate of BDC Capital, invests mezzanine capital from $1 million to $5 million in companies in New England that requir

Tight Cash Flow? Leveraged Balance Sheet? Insufficient Collateral?

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 the bank whe