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BDC Capital Welcomes Needham Bank as A Member Bank
February 18, 2021
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’s Pres
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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’s cr
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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 Capital and a loc
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BDC Capital Participates in an RMA Panel on ABL
December 11, 2020
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 Capital Jessica Melching, Senior Vice President, Senior Commercial Credit Officer, Rockland Trust Company Yvonne Kizner, Senior Vice President, Asset Based Lending, Cambridge Savings Kat
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Greg Buscone, Eastern Bank Executive Vice President, Joins BDC Capital Board of Directors
November 19, 2020
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 and investment capital for growing companies in New England. BDC Capital works in tandem with over 30 Member Banks, including Eastern, and investors to put together financing packages beyond the scope of conventi
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BDC Capital Announces a Mezzanine Investment in Katsiroubas Bros.
November 18, 2020
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 its customers. The company provides premium quality food delivered fresh and delicious while maintaining best in class food safety and exceeding food safety standards. BDC Capital’s financing was concurren
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BDC Capital Announces a Mezzanine Investment in NOBULL
November 3, 2020
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 gold medalist Caeleb Dressel. NOBULL is a brand built for people who work hard and don’t believe in excuses. BDC/MCRC’s investment will allow NOBULL to accelerate its strategic growth plan. For more inform
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SBA 504 Success Story – Kaitlyn Szczupak
September 25, 2020
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 to have been a part of this amazing story and wish her continued success! One of CDC New England’s borrowers, Kaitlyn Szczupak, defied all odds and was named the Rhode Island Entrepreneur of the Year by the Small Busine
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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 loans
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BDC Capital Announces Promotions
December 31, 2019
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 has resulted in well over 600 closed loans for CDC New England. She has done an excellent job in training business partners, and her extensive knowledge of the SBA 504 program is a tremendous asset for the company. Thuy Dang was promoted
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