Summary of BUSINESS DEVELOPMENT CORP OF AMERICA

Item 8.01. Other Events.

On August 6, 2012, Business Development Corporation of America (the "Company") filed its Quarterly Report on Form 10-Q ("Form 10-Q") with the Securities and Exchange Commission. Due to an administrative error, Exhibits 10.13 -10.15 were not filed with the Form 10-Q.

Copies of Exhibits 10.13 - 10.15 are filed with this Current Report on Form 8-K and incorporated herein by reference.

Additionally, the Company is filing Exhibits 10.16 and 10.17 with this Current Report on Form 8-K. Exhibits 10.16 and 10.17 are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.    Description
10.13          ISDA 2002 Master Agreement, together with the Schedule thereto and
               Credit Support Annex to such Schedule, by and between 405 TRS I,
               LLC and Citibank, N.A, each dated as of July 13, 2012
10.14          Confirmation Letter Agreement by and between 405 TRS I, LLC and
               Citibank, N.A., dated as of July 13, 2012
10.15          Loan and Servicing Agreement, together with Exhibits thereto,
               among BDCA Funding I, LLC, Business Development Corporation of
               America, Wells Fargo Securities, LLC, Wells Fargo Bank, National
               Association, Lenders and Lenders Agents from time to time party
               hereto and U.S. Bank National Association, each dated as of July
               24, 2012
10.16          Purchase and Sale Agreement by and between Business Development
               Corporation of America and BDCA Funding I, LLC, dated as of July
               24, 2012
10.17          Collection Account Agreement by and among U.S. Bank National
               Association, Wells Fargo Securities, LLC, BDCA Funding I, LLC and
               Business Development Corporation of America, dated as of July 24,
               2012