BDC Capital Corporation announced the appointment of Mr. Paul Flynn, Jr. of Bedford, Massachusetts as its Chief Operating Officer. Mr. Flynn also serves as President, and Chief Operating Officer of the New England Certified Development Corp., BDC’s SBA 504 lending affiliate. Mr. Flynn will now be responsible for developing the strategic direction of the company, managing business development, and overseeing all day-to-day operations of this $600 million business loan and investment company.
In making the announcement, Ken Smith, President and CEO of BDC noted, “Paul joined forces with BDC Capital three years ago and has made enormous contributions to our expansion during that short period of time. This promotion is well-deserved.”
BDC Capital is a private company that provides financing and investment capital for growing companies in the six New England states. Since its creation in 1953, the firm has been recognized as a leader and innovator in business lending and capital investment, investing more than $1 billion into the local New England economy.
“I am looking forward to taking on these new duties,” said Mr. Flynn. “With a portfolio of more than 2,700 New England-based businesses, BDC has helped provide a loan or an investment and undoubtedly our activities have impacted a lot of people’s lives throughout this region. We have a great team of more than 30 financing professionals who work to help companies throughout our network of five offices and I am proud to be asked to ramp up my contribution to that effort.”
Mr. Flynn has more than 30 years of experience lending and financing. Prior to joining BDC Capital, Mr. Flynn served as a Senior Vice President at Berkshire Bank. His banking career also includes senior level positions at T.D. Bank, formerly Banknorth, and Bank Boston, formerly BayBank. He received his undergraduate degree from Fairfield University with an MBA from Babson College. Mr. Flynn is a member of the National Commercial Finance Association and the Association for Corporate Growth and is past President of the Turnaround Management’s Association, Northeast chapter. He and his family reside in Bedford, Massachusetts.
BDC Capital is headquartered in Wakefield, Massachusetts with offices also in Hartford, CT; Portland, ME; Bedford, NH; and Providence, RI.