BDC Capital Corporation

BDC Capital Corporation, also known as the Massachusetts Business Development Corporation, is a private, non-profit development corporation headquartered in Wakefield, Massachusetts. Established in 1953, its core mission is to foster economic growth and job creation across New England by providing crucial financing to small and medium-sized businesses. Unlike traditional venture capital firms that primarily focus on equity investments, BDC Capital operates as a specialized lender, offering a diverse portfolio of debt financing solutions tailored to businesses at various stages of development. Its long-standing presence in the region underscores its commitment to supporting local economies.

The organization offers a range of loan programs designed to meet specific business needs, including BDC Direct Loans, SBA 504 Program loans, the Massachusetts Emerging Technology Fund (MEZ), MassWorks, and the Small Business Loan Fund. These programs cater to a broad spectrum of financing requirements, from working capital and equipment purchases to real estate acquisition and technology development. This comprehensive approach allows BDC Capital to serve a wide array of industries and business types that might otherwise struggle to secure conventional financing.

BDC Capital Corporation has a significant and measurable impact on the New England business landscape. Since its inception in 1953, the organization has made over 10,000 loans, collectively totaling more than $1.5 billion in capital deployed to businesses. This extensive track record highlights its pivotal role in facilitating business expansion and job creation. The typical financing amounts provided by BDC Capital vary considerably by program. For instance, their Small Business Loan Fund can provide as little as $100,000, while their BDC Direct Loans and SBA 504 Program can extend up to $5,000,000, demonstrating their capacity to support both nascent ventures and more established enterprises.