Customized loans for your small business

Serving RI, Southeastern MA and Eastern CT

Every business has a story. We want to know yours.

Having trouble getting funding from a bank? BDC offers an alternative. We dive deep into your business story to evaluate factors larger institutional lenders don’t, and then we collaborate with you to seek creative financing solutions to fit your needs.

We've been helping local small businesses since 1953

We’ve been mission-driven since 1953 to provide funding for small business owners as a means to strengthening the economy and creating jobs. We partner with our borrowers, helping to guide them to success throughout the life of their business loan.

The Business Development Company basics

talking on phone sm 2

Are you looking for capital right away?

We understand the need for speed when it comes to financing your business.


Get capital for all the right reasons.

Working Capital

Ensure your business has enough cash to operate smoothly through business cycles.

Business Expansion

Access the growth capital needed to answer when opportunity knocks.

Capital Expenditures

Are you investing in new technologies to increase revenues or improve efficiencies?

Debt Refinancing

Are your current Line of Credit and Terms loans still aligned with your needs, or is it time to restructure them?

Merger or Acquisition

Business acquisition financing may offer a synergistic opportunity to increase market share.

Insufficient Collateral

Are you stuck because you don't have assets to secure the loan?

How we're different than a bank

We're unconventional

We don’t use formulas to evaluate your business or structure your loan. Our experience, creativity and resourcefulness set us apart.


We can offer more flexible lending terms and we have a higher risk tolerance than banks.


Our small, agile team delivers the speed and responsiveness that can make all the difference when you need funding.

We partner
with you

We’re personally committed to your success. As an engaged partner, we provide experienced
guidance and honest feedback at every step.

bdcri sail icon

Our Community Impact

Combined years of experience our team has in helping small businesses
Years we've been serving local small businesses
Small businesses we've helped
Total loans made to companies
$ 0 M
bdcri sail icon

Our Community Impact

Combined years of experience our team has in helping small businesses
Years we've been serving local small businesses
Small businesses we've helped
Total loans made to companies
$ 0 M

What Our Borrowers Are Saying About Us

"The entire team at (The Business Development Company) worked like a well-oiled machine on my early-stage financing. I received approvals from both BDCRI and a local bank, but the choice was obvious: Peter, Brenda, Karen, and Lisa were helpful and responsive from Day 1. Phone calls are answered by a human (rare these days), and inquiries are handled promptly. Peter and Brenda helped me clarify and solidify my goals by asking sometimes very penetrating questions. Long after disbursement I feel like they're still there for me, and I owe no small fraction of my business' success to them. I recommend them without hesitation!"
Dr. Richard Rosol
TattooMedics, Inc.
"Thanks for your ongoing support of MPC! Mearthane Products Corporation (MPC) is grateful for the assistance and partnership from Peoples Bank, SEED, Seacoast Capital, BDCRI and the other financial institutions from which we have received support over the years. Through your help, we are growing and improving steadily. This year, we were named the Small Business Exporter of the Year for the State of Rhode Island, as we now export over 45% of our production directly from RI to over 20 countries around the world. This success is made possible by the partnership we have with your organization. Our 70 employees say thanks!"
Pete Kaczmarek
Mearthane Products Corporation
President & COO
"Although we raised start-up capital, the growth and diversification of Care Resources was helped tremendously by the loans made available to us by The BDC. In addition, the advice, guidance and patient support provided by [Peter] and Karen was very valuable to Joe Haley, CFO/COO and me. The BDC played an important role in job creation, retention and impacting the quality and cost of healthcare in Rhode Island."
Bernard Lambrese
Care Resource Group
"Peter Dorsey and the Business Development Company are the real deal. Honest, caring business people who are there to help area businesses grow and win. I cannot say enough about them. They are a Rhode Island treasure, and a secret weapon to grow businesses in the region."
Andrew Schiller
Neighborhood Scout
Founder & President
"We value their perspective, their accessibility, their experience, their facilitation, [and] their advice. They are the ear that listens, the mouth that offers solutions and the heart that cares; they are our 'Dutch Uncles' of finance."
George A. Nolan
Great Northern Products Ltd.
"As a niche bank, [The] BDC's strengths are funding businesses and opportunities that may be somewhat unique or require teamwork with other financial institutions."
Michael Maziarz
Safelight Security Advisors
Former Owner & CEO