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BayCoast Bank worked with Nancy Gibeau, our RI market business development officer, on this amazing loan to a woman-owned small business. Nancy mentioned “From the moment I met her and throughout the entire process, she impressed me—organized, professional, customer service oriented and focused—is how I would describe this remarkable young lady.” Our team is happy […]

SOME GOOD NEWS! Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Christopher’s Café and Catering Lynn, Massachusetts     No questions asked!!!    Christopher’s Café and Catering of Lynn, Massachusetts is a hometown favorite for breakfast, lunch, and […]

Landscaper Secures SBA 504 Loan for Expansion CDC New England SBA 504 Borrower:  Babin Landscaping, Pepperell, MA   . Babin Landscaping of Pepperell, MA Secures SBA 504 Loan for Expansion . CDC New England provided Babin Landscaping with an SBA 504 loan to acquire real estate and equipment for a relocation of the business. . […]

SOME GOOD NEWS!  Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Standard Modern Company, Inc. New Bedford, MA Holding 6-foot social distancing sticks and signage . Time to make face masks!    . Standard Modern Company, Inc. […]

SOME GOOD NEWS! Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Berkshire Mountain Distillers, Inc. Keep your spirits up!!! Berkshire Mountain Distillers, Inc. is a producer of award-winning artisanal spirits including gin, rum, and vodka based in Sheffield, Massachusetts. […]

SOME GOOD NEWS! Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Fabrizia Spirits, Salem, NH When life gives you lemons, make lemonade!!!  Or lemon-scented hand sanitizer!! Fabrizia Spirits is a distiller of citrus spirits and mixes, including […]

Paul F. Flynn, Jr., President & CEO of BDC Capital Corporation, the oldest business development corporation in the United States, is pleased to announce the following promotions for BDC Capital and its affiliate, CDC New England: Susan Forrester was promoted to SVP Loan Administration.  Her expertise and command of the SBA 504 loan closing process […]

Preserving the Sport of Horse Dressage and Eventing – How RER Ponies Built an Indoor Arena With the Help of the SBA Network By Norman Eng, Public Affairs Specialist Heather Reynolds Dostal is Head Riding Instructor and Owner of RER Ponies in Hatfield, MA.  She has been riding horses since the age of 4, and started […]

Congratulations to Dave Raccio, Mike Topalian, and our entire team! Pictured from left to right:  Wendell Davis, SBA, Mike Topalian, Dave Raccio, Mark Hayward, SBA.

CONNECTICUT – U.S. Small Business Administration (SBA) lending in Connecticut increased 8% in dollars in the most recent federal government’s  fiscal year that ended September 30th – 776 loans were approved consisting of 661 guaranteed loans, 64 – 504 loans and 51 microloans.   The increased lending indicates positive activity within the financial industry. Banks continue to take on more loans and small businesses […]