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TeachMeFinance.com - explain business development corporation business development corporation -- A business financing agency, usually made up of the financial institutions in an area or state, and organized for assisting in the financing of industrial concerns which are not able to obtain such assistance through normal channels. The "risk" is spread among various members of the BDC and interest rates may vary somewhat from those charged by member institutions. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.