More than a 504


Equipment 10-year Fixed


Real Estate 20-year Fixed


Real Estate 25-year Fixed

Financials and Insurance

Submitting Annual Financials and Insurance Certificates

According to your SBA 504 authorization, you are required to send CDC New England a copy of the most recent year-end tax returns or financials statements of the company.

You may send these to Joe O’Garro

Joe O’Garro
Senior Vice President

Joe is a Senior Vice President at BDC Capital. He oversees the Capital Access Program (CAP) and the Community Investment Loans. Joe is also portfolio manager for SBA 504 loans portfolio through our affiliate CDC New England. Joe began his banking career at Mutual Bank for Savings in 1981. After leaving Mutual Bank, he joined Shawmut Bank, N.A., in 1987 and subsequently became a Branch Manager and Business Retirement Plan Specialist. He then served from 1992 to 1997 as a Business Development Officer at BankBoston before joining BDC Capital. Joe was educated in London, England at the Hackney College of Further Education.

T: 781-728-1105


Matthew Brothers
Central & Western MA

Matt Brothers, Vice President, focuses on new business development in the areas of Worcester and Western Massachusetts, Southern New Hampshire, Southern Vermont and Northern Rhode Island.  Matt has over 15 years of commercial lending experience, most recently serving as a Commercial Lender at Rockland Trust.  Prior to that Matt spent time as a Commercial Banker at both Bank of America and Citibank.  Matt attended Brandeis University where he earned his B.S. in Economics. He lives in Lunenburg, MA with his wife Laura and twin boys Wesley and Charlie. Matt enjoys spending time with his family, being outdoors and volunteering.

T: 781-928-1142


Submitting Insurance Certificates and Changes

Like financials, we request a copy of your updated insurance certificates annually as well. We do not require the full policy. It is also necessary that the SBA and New England Certified Development be named as the 2nd mortgage and lenders loss payee. Please provide your insurance companies with the information below:


2nd Mortgagee and/or Loss Payee

US SBA c/o New England Certified Development Corp.

500 Edgewater Drive, Suite 555, Wakefield, MA 01880


Please send these insurance certificates to Joe O’Garro.