What’s the deal?

Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 20-year below market fixed rate and 50% from the participating lender at a conventional market rate.

Who can borrow?

Almost all types of businesses are eligible. Review general eligibility requirements to see if you are eligible.

What can the money be used for?

Acquisition, improvement or new construction of fixed assets including owner occupied commercial real estate as well as equipment with a useful economic life of 10 years or more can be financed by a 504 loan. Almost all soft costs can be included.

How large (or small) could the project size be?

The total project costs generally cannot be lower than $250,000. While there is no maximum limit on the total project costs, Bay Colony can lend up to $5 million ($5.5 million in certain cases).

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. Client satisfaction is the cornerstone of our values.

Where is financing available?

We serve businesses in all Massachusetts counties, as well as all counties in Vermont, and several counties in New Hampshire, Rhode Island, and Connecticut. View counties on a map.