6.38%

Equipment 10-year Fixed

6.51%

Real Estate 20-year Fixed

6.49%

Real Estate 25-year Fixed

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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 or Bridget Carney.

All
Servicing

Joe O’Garro

Senior Vice President
Bridget Carney

SBA Administrative Officer
Beth Chea

New Hampshire, Eastern Massachusetts

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.

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Headquarters

500 Edgewater Drive
Suite 555
Wakefield, MA 01880
Phone: 781-928-1100
Fax: 781-928-1101

Central Mass.

89 Shrewsbury Street
Suite 300
Worcester, MA 01604
Phone: 508-612-5661

Connecticut

20 Church Street
Suite 1740
Hartford, CT 06103
Phone: 860-218-2912

Maine

280 Fore Street
Suite 402
Portland, ME 04101
Phone: 207-773-3104

Rhode Island

30 Exchange Terrace
4th Floor
Providence, RI 02903
Phone: 401-450-0047

New Hampshire

3 Executive Park Drive
Bedford, NH 03110
Phone: 603-742-0078

Financing Resources:

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

E: jogarro@bdcnewengland.com

Bridget Carney

SBA Administrative Officer

Bridget is a Senior Administrative Officer, specializing in Servicing and is a SBA 504 Credit Analyst for New England Certified Development Corporation, the company’s SBA 504 lending affiliate. Bridget joined the BDC team in July of 2022. Prior to joining BDC, Bridget began her career at Worcester Business Development Corporation, where she held various positions including most recently, Executive Director of SBA & Lending. Bridget graduated from Worcester State University with a Bachelor of Science degree in Business Administration. In addition, Bridget also graduated from Assumption College with her MBA in Finance/Economics and International Business.

T: 781-928-1136

E: bcarney@bdcnewengland.com

Beth Chea

New Hampshire, Eastern Massachusetts

Beth Chea joined BDC as Vice President, Business Development Officer in June 2024. Beth has over 20 years of banking and SBA lending experience, most recently serving as a Business Broker. Prior to her most recent experience, Beth worked in SBA lending groups at CIT, TD Bank and Wells Fargo. Beth will focus on new business development for SBA 504 loans in the areas of New Hampshire and Eastern Massachusetts. Beth is an active member of New England Business Brokers Association, XPX, AM&AA and has been involved in NAGGL as the Region 1 Chairperson. Beth is a graduate of Northwestern University where she majored in Economics and played Division 1 Field Hockey. Beth currently resides on the Seacoast of NH with her spouse, 13 year-old son and two Labrador Retrievers.

T: (603) 969-8144

E: Bchea@bdcnewengland.com