News

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

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

CDC New England Is the #1 SBA 504 CDC In CT For the Second Year In a Row!

November 21, 2019

  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.

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