Whether your business needs a loan to purchase machinery and equipment, support accounts receivable and inventory, invest in growth, or support a management buy-out, The Business Development Company provides capital to companies experiencing difficulties obtaining the funding they need from traditional sources. We make loans that most banks can’t underwrite. Since 1953, we have helped our portfolio companies become stronger marketplace competitors, thereby creating and retaining jobs not only in Rhode Island, but also nearby Massachusetts and Connecticut.
Small and medium sized businesses benefit from our creative underwriting and flexible loan structures, and we frequently work in conjunction with a company’s primary bank. Oftentimes, we are in second position, behind the primary bank, and our exposure may not be fully collateralized. Whether it’s through a term loan, line of credit or SBA-backed loan, we can provide a resourceful solution.