SFNet Member Spotlight: BDC Capital Corporation

BDC Capital Corporation
500 Edgewater Dr Ste 555
Wakefield, MA 01880-6232
www.bdcnewengland.com
Tel: 781-928-1100

BDC Capital provides innovative financing to New England businesses that might not be able to obtain all the financing needed from conventional lenders. These businesses might have a collateral shortfall, temporary losses, or high leverage. It provides financing for any business purpose by supplementing bank financing.

BDC Capital is a private company established over 65 years ago. It sources the funds its our loans and investments from over 30 member financial institutions.

BDC Capital can work with any type of business and their lender to provide innovative financing. It has offices in Wakefield, MA, Worcester, MA, Bedford, NH, Hartford, CT, Portland, ME, and Providence, RI.

BDC can work with any lender to help "fill the gap"​ for any business purpose. Its financing includes:

-revolving asset-based lines of credit from $500,000 to $5 million;
-direct term loans from $500,000 to $5 million, typically in a junior secured position;
-mezzanine investments from $1 million to $5 million.
-SBA 504 loans for real estate and machinery & equipment through its affiliate New England CDC.

BDC Capital also administers several state-sponsored programs for Massachusetts businesses including the Mass. Capital Access Program and the Mass. Recycling Loan Fund. In Rhode Island, we administer the RI Capital Access Program and the Goldman Sachs 10,000 Small Businesses Loan Program. In summary, BDC Capital helps businesses grow by bridging the capital gap.

SFNet Member Director, Kenneth Smith

Ken currently serves as Vice Chairman  of BDC Capital.