-
BDC Capital Supports Ron Burton Training Village With Annual Meeting Donation
November 27, 2023
November 9, 2023 BDC Capital is a proud supporter of the Ron Burton Training Village (RBTV) in Hubbardston, Massachusetts. The RBTV has a legacy of providing unlimited, life-changing opportunity for youth whose situation and circumstance might inhibit their chance at success. “We have supported the Ron Burton Training Village for many years with both monetary support as well as volunteer time by our employees each spring to prepare the Village for the summer programs,” said Paul F. Flynn, Jr., President of BDC Capital. “It’s a great organization that provides life changing oppo
Read More
-
Community Capital Announces $1.0Million Line of Credit to Outkast Electrical Contractors, Inc.
July 19, 2021
Community Capital recently extended a $1.0 million line of credit to Outkast Electrical Contractors, Inc. Based in Dorchester, MA, Outkast Electrical Contractors, Inc. provides a full range of electrical installation services and is one of the regions leading Minority Business Enterprise (MBE) and a member of IBEW Local 103. Owners Paul Gray and Kevin Scarlett continue to grow and scale their business. Rapid growth presented challenges for traditional bank financing. The up-sized credit line provided by CCC will provide working capital to support a robust backlog of new business.
Read More
-
Community Capital Announces 2020 Lending Results
June 28, 2021
Lending and investing began in 2020 and at year-end CCC made loans and investments totaling $3,080,000 to seven companies within its target markets. In addition, CCC created relationships with other economic development entities including the Worcester Business Development Corporation (WBDC) and the Massachusetts Small Business Capital Access Program (CAP). CCC entered in to agreements to underwrite and service loans for both of these entities. During 2020, CCC underwrote 9 SBA loans totaling $8.8 million and serviced 42 SBA loans totaling $19.7 million on behalf of WBDC. CCC is active
Read More
-
Community Capital Receives US Treasury CDFI Certification
March 1, 2021
Community Capital Corporation recently received formal CDFI (community development finance institution ) certification from the US Treasury Department. CCC commenced operations in 2019 and was initially funded by a $1.0 million contribution and a $5.0 million credit line from BDC Capital Corporation, a 68 year old economic development corporation based in Wakefield, MA. Throughout its existence, BDC Capital has provided capital for real estate development, working capital, equipment financing, acquisition, or debt restructuring to thousands of companies located in New England with a curr
Read More
-
Community Capital Contributes $100,000 To Ron Burton Training Village
February 2, 2021
Community Capital Corporation is pleased to announce the contribution of $100,000 to the Ron Burton Training Village (RBTV). RBTV provides education and mentoring to more than 400 inner city disadvantaged children and prepare them for college education and life skills to improve outcomes. Paul Flynn, Jr., CCC board member, commented "building successful business skills and improved personal wealth outcomes requires education, vision, commitment, and a strong work ethic. RBTV's commitment to addressing the needs of vulnerable youth provides the foundation for future growth and success.
Read More
-
Community Capital Announces Partnerships with Mass. CAP & WBDC
January 10, 2021
Community Capital announces the partnership with other economic development entities including the Worcester Business Development Corporation (WBDC) and the Massachusetts Small Business Capital Access Program (CAP). CCC entered in to agreements to underwrite and service loans for both of these entities. During 2020, CCC underwrote 9 SBA loans totaling $8.8 million and serviced 42 SBA loans totaling $19.7 million on behalf of WBDC. CCC is actively seeking additional partnerships with appropriate economic development entities including those that provide mentoring, education, or technical
Read More
-
Community Capital Elects Board of Directors
October 25, 2020
Paul Flynn, Jr. Community Capital President recently announced the slate of directors for the CCC Board. Karim Hill - Regional President - Santander Bank Stacey Townsend - President & CEO - The Property & Casualty Initiative Keon Holmes - Managing Director - Cambridge Associates Lynn Harwell - VP Administration - Barr Foundation Patrick Smith - Head of Small Business Banking - Santander Bank Nyiah Noel - MD - Boston Medical Center Melvin Miller - Owner & Editor - The Baystate Banner Joe O'Garro - SVP - BDC Capital Corporation Paul Flynn, Jr - Presiden
Read More
