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Loans Last Year
91
Volume Last Year
$79.37M
Average Deal Size
$2.01M
About
New England Certified Development Corporation (doing business as CDC New England, or NECDC) has been originating SBA 504 loans throughout New England since 1981, when it was established as the SBA 504 lending affiliate of BDC Capital Corporation. NECDC has originated more than $1 billion in 504 loans over its 40+ years, supporting more than $2.5 billion in total project financing (including the bank leverage portion) and thousands of new jobs across the region. The organization maintains more offices than any other CDC in New England — Wakefield MA, Hartford CT, Providence RI, and Portland ME — and holds dual SBA Preferred and Premier lending status under both the 504 and 7(a) programs, the highest designations available.
Top Industries Served
| Industry | # of Loans | $ Volume |
|---|---|---|
| Hotels | 8 | $21.3M |
| Limited-Service Restaurants | 4 | $3.4M |
| Full-Service Restaurants | 4 | $2.8M |
| Personal Services | 3 | $2.1M |
| Home Remodeling | 3 | $0.6M |
States Served
CT
ME
MA
NH
RI
VT
Lending across 6 states.
Top Cities (previous yr # of loans)
| # | City | Loans |
|---|---|---|
| 1 | West Greenwich | 4 |
| 2 | Norwalk | 3 |
| 3 | Branford | 2 |
| 4 | Boston | 2 |
| 5 | New Milford | 2 |
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