BDC Capital Responds to Credit Crisis By Expanding Lending
BDC Capital Corporation, a $400 million provider of loans and investment capital for New England businesses, has announced an expansion of its lending activities in response to the tight credit markets facing many of the region’s small and mid-sized companies.
According to Ken Smith, President of BDC Capital, "In these tight credit times, we have plenty of funds to lend and are well capitalized by our 40 member banks. As a private lender, we have a bit more flexibility in structuring creative solutions for companies that need financing beyond traditional bank debt. We specialize in providing investments and term loans from $500,000 to $3 million to manufacturing and distribution companies as a piece of their total financing structure. Unfortunately we do not fund construction related industries nor do we finance retail companies."
BDC Capital’s innovative financing is used by businesses where typical lending formulas don’t apply and creative solutions are needed. Financing from BDC Capital can be used for:
Working capital
Debt restructuring
Business acquisition and expansion
Machinery and equipment needs
Real estate acquisition and expansion
BDC Capital financing options range from senior debt, to secondary or subordinated debt, to mezzanine capital.
Our "Flexible Advantage" SBA 504 loans are still available for qualified small businesses through our affiliate company, New England Certified. The SBA 504 loan program remains a great program for banks as a way to mitigate lender risk on commercial real estate financing.
BDC Capital is staffed with seasoned professionals trained to find solutions that mitigate bank risk while helping businesses obtain the full amount of the financing that they need to grow. Call us today to see how we can help.
Have a deal in mind? We invite you to contact our business development officers:
Carol Brennan (MA & CT), 860-218-2912 x204 / cell 413-237-6648, [email protected]
