BDC Capital Corporation

BDC Capital Corporation is a private lender and investor for growing businesses in New England. It says it was founded in 1953 and describes itself as the oldest business development corporation in the United States. It steps in where conventional bank lending does not fit a company's situation.

Products and services

• Asset-based lines of credit: working capital secured against accounts receivable and inventory.
• Term loans: financing for equipment, real estate, acquisitions and general working capital.
• SBA loans: government-backed lending as one of several routes.
• Mezzanine financing: growth capital that does not require owners to give up control.
• State programmes: the Massachusetts Capital Access Program, the Massachusetts Recycling Loan Fund and Rhode Island development programmes.

Customers and markets

Mid-sized companies across New England, including firms in workout situations or with classified loans that traditional lenders have turned away. It works alongside more than 100 financial institutions in the region and says decisions are made locally.

Key facts

• Based in: New England, with offices in Worcester, Hartford, Portland, Providence and Bedford
• Founded: 1953
• Structure: private company, not regulated like a bank, which it says allows flexible underwriting
• Track record: says it has invested in more than 8,300 companies