News

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

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

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

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

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

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

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