News

BDC Capital Welcomes BankNewport as A Member Bank

March 10, 2022

BDC Capital Welcomes BankNewport as A Member Bank     BankNewport, located in Rhode Island, recently became a BDC Capital member bank and joins over 35 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 capac

BDC Capital Welcomes NBT Bank as A Member Bank

February 28, 2022

BDC Capital Welcomes NBT Bank as A Member Bank     NBT Bank, serving a northeast footprint that spans seven states and encompasses a network of 140 locations, recently became a BDC Capital member bank. NBT joins over 35 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 “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their c

BDC Capital Welcomes South Shore Bank as A Member Bank

December 27, 2021

BDC Capital Welcomes South Shore Bank as A Member Bank South Shore 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. South Shore Bank is a great addit

BDC Capital – Mezzanine Investments: Successful Deals

December 2, 2021

Mezzanine Capital $1 Million to $5 Million Throughout New England BDC Capital Successful Deals – Provided Non-Dilutive Growth Financing  Consumer Products Company - permitted rapid growth without requiring equity financing. Company was able to grow revenue at a compound annual rate of 53% while the BDC loan was outstanding. Consumer Products Company – facilitated rapid growth while postponing the need for equity financing. This allowed the company to reach sufficient scale and close a large equity financing at a significantly higher valuation. As a result, the founders were able

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