Current Debenture Rates*

20 Year rate: 4.38% (Jan 2010)
10 Year rate: 3.17% (Jan 2010)

10-year debentures price every other month. Last updated 1/14/10. *per NADCO Jan, 2010.

Historical rates

BC Newswire

New England Small Business Loan Volume sees 93% Increase in FY09

Despite the economic downturn and recession, we’ve had one of our best years to date at Bay Colony!  Our track record of success is proof that New England’s small businesses are thriving and helping bring our country out of the worst economic conditions in recent history.  Check out some of our 2009 statistics:

In Bay Colony’s [...]

Three New Proposals to Boost Small Businesses in 2010

The Obama administration has proposed a series of propositions to relieve financial tension and expand business for America’s business owners. Highlighted below are three of the most important initiatives announced by the president that will affect you:
Relinquishing fees and increasing guarantees for loans backed by the SBA:
Increasing guarantees would help calm fear among lenders, who [...]

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Recently Approved Projects

  • True Value Center
  • School for Learning Disabled
  • Dentist
  • Commercial Bakery
  • Lab Equipment Supplier

More projects

Welcome

Section 504
Loan Basics

Learn everything you need to know about this unique financing program

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What's the deal Borrowers can generally obtain 90% financing. Bay Colony's portion is a fixed rate for 20 years. 40% from Bay Colony at a 20-year fixed rate (below market), and 50% from the participating lender at conventional market rates. Learn more.
Who can borrow? Almost all types of businesses are eligible. There are very few exclusions. Review general eligibility requirements or use our online tool to check your eligibility now.
What can the money be used for? Acquisition or improvement (including new construction) of fixed assets with a useful economic life (not depreciable life) of ten years or more . Most projects involve acquisition of owner-occupied real estate, but equipment is also eligible. Almost all soft costs may be financed as well.
How large (or small) should the project size be? The total project cost is $250,000-6,000,000 (up to $10,000,000 for a manufacturer). However, larger projects are eligible.
Why Bay Colony? As a leading provider of SBA 504 Financing since 1981, we are one of the nation’s oldest and most experienced Certified Development Companies. Streamlined processing and fast responses; Client satisfaction is the cornerstone of our core values. Learn more.
What areas do you serve? We serve businesses in all Massachusetts counties, as well as several counties in Vermont, New Hampshire, Rhode Island, and Connecticut. View our complete list.