BDC Capital

Special thank you to CBIA for hosting a great event! Lauren Franco, our SBA 504 Business Development Officer, joined a panel to discuss various financing solutions for small and medium-sized manufacturing companies. #smallbusiness #manufacturing

The monthly effective rates for SBA 504 loans have been posted for July 2024. The 504 real estate rates have decreased for the third consecutive month.

Please join us in welcoming Beth Chea to our team! Welcome Beth! Beth joined BDC as Vice President, Business Development Officer on June 1, 2024. Beth has over 20 years of banking and SBA lending experience. She will focus on new business development for SBA 504 loans in the areas of New Hampshire and Eastern Massachusetts. Beth Chea, VP, Business Development Officer (603) 969-8144 (cell) bchea@bdcnewengland.com

Congratulations to Xcalliber/DeFeo Manufacturing Inc for being named 2024 Exporter of the Year by the SBA Connecticut District Office. A great story and a very deserving company. #sba504 #smallbusiness #exporter #504

Congratulations to Tyngsboro Sports Center and the Wickens Family for being named Jeffrey Butland Family Owned Business of the Year! BDC Capital/CDC New England is a proud partner to Tyngsboro Sports Center! CDC New England helped finance the construction of the Tyngsboro facility in 2018. More recently, CDC New England again supported the Wickens Family, who are in the process of following through with plans to expand, doubling the size of their facility. Exciting things to come!

Love Your Laundry is a brand new laundromat located in Meriden, CT! This project took a dormant building in downtown Meriden and completely transformed it into a state-of-the-art laundromat complete with all new high efficiency Electrolux washers and dryers. The SBA 504 was utilized to assist with purchase of the real estate, extensive renovations, and the purchase of 45 new washers and 62 new dryers, all of which only required a 10% down payment from our borrower.  CDC New England was excited to partner with Berkshire Bank on this project. We appreciate the partnership and were happy to meet the customer’s needs. Love Your Laundry offers full services from self-service laundry to full service wash, dry, and fold. Come check out this family-owned and operated business! #sba504 #sba #smallbusiness #cdc #sbalending #familyownedbusiness

This groundbreaking initiative is set to change the landscape for diverse entrepreneurs in our region, focusing on empowering businesses owned by people of color, women, and LGBTQ+ individuals. The atmosphere was electric as the Business Growth Task Force, along with the Eastern Bank Foundation, unveiled the first cohort of 11 dynamic businesses selected to participate in this transformative campaign. It was truly inspiring to see various speakers who passionately discussed the importance of diversity, equity, and inclusion in our business ecosystem. As a community member and supporter of inclusive entrepreneurship, I am thrilled to see such initiatives taking shape. It’s a big step towards building a more inclusive and equitable business environment where every entrepreneur has the chance to succeed. Let's support these businesses and follow their journey as they embark on this exciting new chapter. Change starts here, and I'm here for it! Read more about this initiative: https://lnkd.in/e5sWMSKX Josiane Martinez Natalia Urtubey Diana M. Ubiñas Eastern Bank Mill Cities Community Investments CommonWealth Kitchen Women Of Color Entrepreneurs (WOCE) Asian Business Empowerment Council Associated Industries of Massachusetts Black Economic Council of Massachusetts, Inc. Builders of Color Coalition Center for Women & Enterprise Emerald Cities Collaborative Interise Lawyers' Committee for Civil Rights of Boston LISC Boston Massachusetts LGBT Chamber of Commerce, Inc. New Majority Capital Greater Boston Chamber of Commerce Small Business Strong LEAF, Local Enterprise Assistance Fund BDC Capital

On Tuesday the SBA Connecticut District Office honored the Small Business Exporter of the Year, Xcalliber. BDC successfully partnered with Webster Bank to provide the company with two SBA 504 loans. Congratulations Xcalliber! We look forward to your continued growth and success in the future.

On Tuesday the SBA Connecticut District Office honored the Small Business Exporter of the Year, Xcalliber. BDC successfully partnered with Webster Bank to provide the company with two SBA 504 loans. Congratulations Xcalliber! We look forward to your continued growth and success in the future.

Congratulations to all the Connecticut Small Business Week award winners! Last week, SBA Connecticut District Office announced that Defeo Manufacturing Inc. dba Xcalliber won Small Business Exporter of the Year. Our affiliate, CDC New England, was honored to partner with Webster Bank to provide not one, but TWO SBA 504 loans to Xcalliber. Nothing says you’re doing your job right like a repeat customer! Congratulations to Xcalliber on this achievement and to continued success in the future. We’re so proud and happy for you!