Current Debenture Rates*

20 Year rate: 3.80% (July 2010)
10 Year rate: 2.44% (July 2010)

10-year debentures price every other month. Last updated 7/10. *per NADCO July, 2010.

Historical rates

BC Newswire

SBA 504-funded Projects in January

Bay Colony saw a busy start to 2010 with numerous projects obtaining SBA 504 funding. Below are just a few of the projects that we’ve arranged financing for: MLS Sheet Metal Project was for the $470,000 purchase of vicon coil line equipment Company estimates creating 2 new jobs over the next two years Enterprise Bank [...]

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 [...]

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Recently Approved Projects

  • Beauty Supply and Salon
  • Box Company
  • Hotel Expansion
  • Ambulance Facility
  • Lab Equipment Supplier

More projects

Welcome

Section 504
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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.