News

SBA Backed Loans in Fiscal Year 2019 Support over $314 million to Connecticut Small Businesses!

October 15, 2019

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 are finding it easier to approach lenders.  SBA-backed loans mean reduced risk for Lenders. Additionally, SBA’s resource partners offer counseling and edu

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

LSQ and BDC New England Announce Partnership Providing Debt-Free Business Capital

September 17, 2019

September 16, 2019 - LSQ and BDC Capital have announced a strategic partnership to bring new funding sources to developing businesses across the nation. Between both partners, companies will have access to a full suite of creative finance solutions, including invoice financing, asset-based lines of credit, SBA 7(a), 504 funding, and term loans, to name a few.   New Avenues for Providing Accessible Financing to Growing Businesses   BDC Capital, which is funded by over 30 financial institutions, works in partnership with banks and investors to put together financing package

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

BDC Capital Announces Mr. Paul F. Flynn Jr. as President

January 2, 2019

The Board of Directors of BDC Capital Corporation, the oldest business development corporation in the United States, is pleased to announce the appointment of Mr. Paul F. Flynn Jr., of Bedford, MA as its new President. Mr. Flynn joined BDC in 2013 as Chief Operating Officer and has helped to oversee dramatic growth in this Boston-based loan and investment company. In just the last few years Mr. Flynn has helped guide the company's expansion into all six New England states building a $700 million portfolio of loans and investments in some of the most successful companies in the region. "Paul

CDC New England Hosts a Training Event

December 7, 2018

Top SBA Lender in New England

November 14, 2018

On November 9th, 2018, CDC New England was named a top Lender in New England, leading the market in terms of dollars lent in Massachusetts, as well as all of New England. CDC New England was also named the #1 Lender in terms of dollars lent and number of loans approved in both Western Massachusetts and Connecticut. The Organization set a record fiscal year providing just over $102 Million to small businesses throughout New England. [su_frame align="center"][/su_frame]

North Grafton Based Business Expands with Help of BDC New England

November 8, 2017

NORTH GRAFTON, MASSACHUSETTS, November 8, 2017: Theroux Dental Associates, a North Grafton-based dental practice, recently received much needed capital to expand its operations and finance new, state-of-the-art dental equipment. According to Marc and Tina Theroux, owners of Theroux Dental Associates, the practice required financing to build new space for its growing practice and invest in new, high tech dental equipment which allows it to remain at the forefront of the industry. “We turned to Mike Topalian of BDC Capital to guide us on how to expand in an affordable way,” said Marc The

Durham-Based Business Expands with Help of BDC New England

August 28, 2017

DURHAM, NEW HAMPSHIRE, AUGUST 28, 2017: Village Pizza and Scorpions Grill, a Durham, New Hampshire business serving the community for over 50 years, received an attractive financing package to purchase the building it has occupied for some five decades.   According to owners, Graham Camire and Frank Silva who purchased the restaurant in 2005, the opportunity to purchase their space was too good to pass up, but required some creative financing. “We turned to our banker, Shawn Ford at Eagle Bank to explore our options and to see if our dream of owning our own space could become a r