The Capital Regional Development Council, CRDC, has announced a new collaboration with BDC Capital Corporation and New England Certified Development Corp. The collaboration is designed to bring needed capital and outreach to small and mid-size businesses located in New Hampshire.
“BDC is a New England wide loan and investment company with more than $600 million invested in companies around the six state region,” according to Stephen Heavener, Executive Director of CRDC. “They bring a wide range of financing resources to our local clients including revolving lines of credit, SBA term loans, and mezzanine investment. Like CRDC, they are a successful New England based SBA 504 lender. CRDC plans to work with BDC to bring all of these financing options to companies in New Hampshire to complement the lending tools CRDC already offers.”
“CRDC is a well-respected local lender throughout New Hampshire and we welcome the opportunity to work with them” says Ken Smith, President of BDC Capital. “CRDC is well known to New Hampshire bankers and they have helped many area businesses expand through their SBA 504 loan and other direct loan programs.” “Stephen Heavener and the CRDC lending staff that includes Liz Sweeney and Jennifer Boulanger, are really committed to expanding CRDC’s mission to help businesses. We met at a regional small business conference and he presented a compelling case that we should open an office in Concord and partner with them to assist New Hampshire businesses.”
BDC and its affiliate, New England Certified Development Corp., are sharing office space with CRDC at 91 North State Street in Concord. Mr. Raymond Dugdale, a Vice President with more than 25 years of small business lending experience, will work from the Concord office. “I started my outreach efforts last week,” reports Mr. Dugdale. “I am interested in getting out and working with small business owners to see how we can be of help to them in solving their financing problems. Last year alone we delivered more than $100 million in financing to New England companies and I am optimistic that this collaboration with CRDC will bring a good portion of that here to New Hampshire.”
For more information: Stephen Heavener, CRDC Executive Director, CRDC 603/369-6000.