Every business has a story. We want to know yours.
Getting funding from a traditional bank can be difficult, even for successful businesses. Business Development Company offers an alternative for established, revenue-generating small businesses that need a lender who looks beyond formulas.
We take the time to understand your business story, evaluate factors many institutional lenders do not, and then work with you to structure creative financing that fits your needs and cash flow.
We have been helping local small businesses since 1953
Since 1953, our mission has been to provide funding for small business owners as a way to strengthen the local economy and support job creation.
We do more than approve a loan and walk away. We partner with our borrowers and stay engaged throughout the life of the business loan, offering practical guidance, honest feedback, and a direct connection to decision makers.
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Is Business Development Company a good fit for your business?
We focus on established, revenue-generating companies that need between $90,000 and $600,000 in financing. Our borrowers tend to be small businesses that have outgrown what a traditional bank is willing or able to do.
- We provide several types of small business financing from $90,000 to $600,000 for established companies in many industries.
- We serve businesses in Rhode Island, Southeastern Massachusetts, and Eastern Connecticut.
- We can be your primary lender or work with your existing bank as a subordinate lender.
- We are an SBA approved lender for qualifying small business loans.
- We can participate in loan syndicates with other non bank lenders when larger structures are needed.
Need capital soon for your business?
We understand that timing is critical when you need funding. Our small, experienced team moves quickly, communicates clearly, and helps you focus on what is needed to move your request forward.
OR
Get capital for the right reasons
Use funding to support clear, strategic goals for your established business. We help you match the right structure to the right need.
Working Capital
Ensure your business has enough cash to operate smoothly through seasonal and business cycles. Working capital can help you manage receivables, inventory, and payables without slowing growth.
Business Expansion
Access growth capital when opportunity appears, whether you are adding locations, expanding production, or investing in new markets.
Capital Expenditures
Invest in equipment and technologies that increase revenue or improve efficiency. We help you structure financing so the business has time to benefit from the investment.
Debt Refinancing
If your current line of credit or term loans no longer match your business needs, it may be time to restructure them. We can help you evaluate options to simplify payments and improve cash flow.
Merger or Acquisition
Business acquisition financing can help you increase market share, expand capabilities, or bring a complementary business into your portfolio.
Insufficient Collateral
If you are stuck because you do not have enough collateral for a traditional bank loan, we may be able to help. We look at the full picture, not just a single ratio.
How we are different than a bank
We are unconventional
We do not rely on rigid formulas to evaluate your business or structure your loan. Our experience, creativity, and resourcefulness allow us to look at the full story and design the right approach.
We are flexible
We can offer more flexible lending terms than many banks and we are comfortable with a higher level of risk for qualified borrowers.
We are fast
Our small, agile team can move quickly from conversation to decision. You work directly with people who understand lending and who can act.
We partner
with you
We are personally committed to your success. As an engaged partner, we provide experienced guidance and straightforward feedback at every step of the process.
Our Community Impact