Massachusetts Business Development Corp.
MBDC
Other OTC29.00
USD
- -
- -
ISIN
US5756001013
CUSIP
575600101
Return %
Stock
S&P500
1Y
11.54
26.57
3Y
- -
76.60
5Y
48.49
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Peter Forman
- Full Time Employees
- 16
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 500 Edgewater Drive Wakefield MA United States of America 01880
- IPO Date
- Mar 3, 2000
- Website
- bdcnewengland.com
- Similar Companies
- Business
- Massachusetts Business Development Corp. (MBDC) provides supplemental financing and financial services to growing companies throughout Massachusetts. The company offers equity investments, loans, guarantees, asset-based lines of credit, term loans, real estate financing, mezzanine capital and cash flow lending options; it operates primarily in partnership with financial institutions to support small business creation, expansion and job growth in the Commonwealth. Established in 1953 under Chapter 671 of the Acts of the Commonwealth and headquartered in Wakefield, Massachusetts, MBDC focuses on gap financing that bridges conventional lending needs for Main Street businesses and industries across New England. MBDC maintains active strategic alliances with over 35 member banks, including a recent partnership with KeyBank in October 2025 to expand customized financing programs; the company appointed key executives such as Al Barzykowski as Managing Director of Business Lending in January 2025, Dennis Breitrick and Patrick Daaboul as SBA 504 Business Development Officers in April 2025 and December 2024, respectively, and Beth Chea in June 2024 to bolster its SBA lending capabilities. In February 2024, MBDC added Sheryl McQuade and Mark Foster to its board of directors to enhance governance and market expertise; affiliates like BDC Capital and CDC New England, which share operational ties, continue to support programs such as the Massachusetts Recycling Loan Fund and RI Capital's SSBCI initiatives, announced in 2024, targeting business expansions in recycling, real estate and underserved communities.