Time To Make Face Masks!
April 16, 2020
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. is a woman-owned commercial printer based in New Bedford, Massachusetts. . The company continues to operate as an essential services business during the Covid-19 crisis due to their healthcare, transportation, and public service printing contracts. FlRead More
Keep Your Spirits Up!!!
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. . Located in southern Berkshire County, Berkshire Mountain Distillers has always valued community and the importance of locally-driven efforts. They wanted to help the people on the front line of the pandemicRead More
When Life Hands You Lemons, Make Hand Sanitizer?
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 limoncello made with real lemons, based in Salem, New Hampshire. . As soon as Fabrizia Spirits read about other distillers switching to hand sanitizer, they did the same by producing a sanitizer with real lemons that is lemon scented. TheRead More
BDC Capital Announces Promotions
December 31, 2019
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 has resulted in well over 600 closed loans for CDC New England. She has done an excellent job in training business partners, and her extensive knowledge of the SBA 504 program is a tremendous asset for the company. Thuy Dang was promotedRead More
How RER Ponies Built an Indoor Arena With the Help of the SBA Network
November 25, 2019
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 teaching horseback riding in her community as a teenager. Growing up in rural Hampshire County near the west bank of the Connecticut River, it used to be easy for Dostal to take her horse swimming in the river. There used to be trails foRead More
CDC New England Is the #1 SBA 504 CDC In CT For the Second Year In a Row!
November 21, 2019
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.Read More
SBA Backed Loans in Fiscal Year 2019 Support over $314 million to Connecticut Small Businesses!
October 17, 2019
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 are finding it easier to approach lenders. SBA-backed loans mean reduced risk for Lenders. Additionally, SBA’s resource partners offer counseling and eduRead More
CDC New England Hosts a Training Event
December 7, 2018
Top SBA Lender in New England
November 14, 2018
On November 9th, 2018, CDC New England was named a top Lender in New England, leading the market in terms of dollars lent in Massachusetts, as well as all of New England. CDC New England was also named the #1 Lender in terms of dollars lent and number of loans approved in both Western Massachusetts and Connecticut. The Organization set a record fiscal year providing just over $102 Million to small businesses throughout New England.Read More
February 16, 2018
The following link shows featured fundings from the month of February. Click Here!Read More