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401-351-3036

Business Development Company of Rhode Island
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Client Stories
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Client Stories
$250,000 to replenish Working Capital & Refinance Extended Payables
Problem: Management was caught in the cross-fire of losing a major account in a depressed economy and being unable to delay strategic investments in new production capacity.  The quick fix was driving up credit balances and stretching the trade, but a...
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$1,000,000 Syndicated Term Loan for Management-Led Acquisition
Problem: The CEO of a local manufacturer owned 10% of the business and had the opportunity to buy out a passive stockholder’s 90% share. Limited collateral availability prevented the company’s bank from fully funding the purchase price – leaving a...
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$400,000 to Finance Owner Occupied Leasehold Improvements
Problem: In an effort to streamline operations and improve productivity, management decided to relocate to a larger building. The building appraisal was lower than what the bank and borrower anticipated, and the bank was unable to support all of the...
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$225,000 to develop a new product line
Problem: Product innovation had created a ten year wave of success until foreign competition began commoditizing the product and undermining its earnings. Response: Management invested in adapting the core technology to a new product and established early traction with new...
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The Basics
Portfolio Snapshots
Client Stories
Types of Funding

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Business Development Company of Rhode Island
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40 Westminster Street – Suite 702
Providence, Rhode Island 02903

Phone: 401-351-3036 | Fax : 401-351-3056

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