News

SBA 504 Success Story – Kaitlyn Szczupak

September 25, 2020

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 to have been a part of this amazing story and wish her continued success! One of CDC New England’s borrowers, Kaitlyn Szczupak, defied all odds and was named the Rhode Island Entrepreneur of the Year by the Small Busine

No Questions Asked!!!

April 28, 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:  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 outstanding off-premise catered events.  As a strong supporter of local artists and the community, the Café was recently featured on the New England television program Chronicle for mentoring and employing people with

SBA 504 Success Story – Babin Landscaping

April 16, 2020

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. . Babin Landscaping is a family owned and operated business specializing in residential landscaping, serving greater Massachusetts and Southern New Hampshire. The services provided include property maintenance, ornamental pool and perennial flower ga

Time To Make Face Masks!

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. Fl

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 pandemic

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. The

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 promoted

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 fo

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.

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 edu