BDC Capital

BDC Capital is a business development corporation serving New England companies that need financing beyond what banks will provide. It describes itself as the oldest such corporation in the United States, active since 1953. Many regional financial institutions invest in it to help promising firms expand.

What BDC Capital does

• Asset-based lines of credit: borrowing secured by receivables and inventory.
• Term loans: funding for equipment, real estate, acquisitions and working capital.
• Mezzanine financing: growth capital that avoids giving up ownership or control.
• SBA loans: government-backed lending options.
• State programmes: the Massachusetts Capital Access Program, the Massachusetts Recycling Loan Fund and Rhode Island development programmes.

Clients

Growing New England businesses, including those needing workouts or dealing with classified loans.

Key facts

• Region: New England, with offices in Worcester, Hartford, Portland, Providence and Bedford
• Founded: 1953
• Structure: private company, not regulated like a bank