At a Glance

Carol Brennan (CT, MA) 413-237-6648
Field Rider (NH, VT) 207-773-3104
Nancy Gibeau (RI, MA) 508-254-7891

BDC Capital Term Loans
Carol Fleit Cipriani, 781.928.1100 ext 104

• Loans from $500,000 to $2,500,000
• For permanent working capital, refinancing, and real estate, machinery & equipment, and acquisition financing
• Rates typically 1% to 2 3 / 4 % above prime
• Can offer longer repayment terms, higher advance rates and junior secured term debt
• SBA Preferred Lender for 7(a) guaranteed loans

BDC Capital Community Loans
Joe O'Garro, 781.928.1100 ext 105

• Loans from $150,000 to $2 million
• Designed for minority and women-owned businesses, not-for-profits and businesses in economically disadvantaged areas

Flexible Advantage SBA 504 Loans
New England Certified Development Corporation, an affiliate of BDC Capital
Liz Trifone, 781.928.1100 ext 102

• Long-term loans for fixed asset projects
• Loan projects from $500,000 and up
• For purchasing land and buildings, new construction, renovation and leasehold improvements, machinery & equipment
• Low rates, fixed for 20 years for real estate; 10 years for machinery & equipment
• Low down payment: 10% equity in most cases

Mezzanine & Private Equity Funds
MB Capital
Tom Lee, 781.928.1100 ext 112

• Investments from $750,000 to $5 million
• Provides mezzanine financing to privately held and family-owned businesses which have an equity capital requirement but whose owners prefer not to relinquish a controlling ownership interest
• Market rate of interest plus a success fee or warrant or both
• For well-managed, strongly positioned companies located in New England for growth capital and acquisition financing
   
  Private Equity/Venture Capital
   
• Investments typically from $1 million to $5 million
• Sourced from our private equity investment partners
• For seed/early stage and more mature growth companies

Recycling Loan Fund (RLF)
Karen Michalski, 781.928.1100 ext 107

• Loans from $50,000 to $300,000
• Terms up to ten years
• Direct loans to solid waste recycling or re-use businesses
• For permanent working capital, refinancing, and real estate, machinery & equipment, and acquisition financing

Capital Access Program (CAP)
Joe O'Garro, 781.928.1100 ext 105

• Cash collateral guarantees for loans up to $500,000
• Average loan size $50,000
• Minimum fees of 3% with a matching CAP payment

Brownfields Redevelopment Access to Capital (BRAC)
Tom Barry, 781.928.1100 ext 106

• Provides low-cost, state subsidized environmental insurance to developers of brownfields and to lenders who finance them
• Borrower/Developer Policy provides Cleanup Cost Cap, Business Interruption and Pollution Legal Liability protection
• Lenders receive protection against risks associated with environmental contamination on property securing a loan

Remediation Loans
Tom Barry, 781.928.1100 ext 106

• Remediation Loans from $500,000 to $2,500,000
• Funding for environmental cleanup, regulatory compliance and other predevelopment costs
• Traditional advance rates (50% on raw land; 75% on improved property) typically apply