Accountants do more than track numbers. They assist by helping clients understand the condition and direction of their business. They provide early warnings of potential problems, and they advise on sources of financing.

While many Rhode Island entrepreneurs have the experience, know-how, and commitment to build a business, they frequently need more funding than their primary lender feels comfortable providing. BDCRI mezzanine financing provides an attractive solution because senior lenders treat it as capital.

"We were fortunate to work with the BDC, which went out of its way to help our client get back on a growth track by restructuring its debt and working closely with other funding providers."
Joseph V. Cavallaro
Partner
Sullivan & Company CPAs, LLP
Case in Point:
 Manufacturer of specialty rugs and related decorative items
 Established in 1977
 100 employees
 BDCRI provided a $300,000 long-term loan
 Subordinated to a senior lender
 Funds used to refinance highly leveraged debt related to a previous buy-out