Bay Colony was able to get numerous SBA 504 loans approved for our borrowers in July. Here are some highlights of the projects we helped fund last month: Physical Therapist in Essex Junction, VT Project for construction of office condo Total Project Cost $762,000 BCDC Loan $310,000 Creating 3 new jobs Participating Lender: Jami River, Chittenden [...]
ARRA Funds to Wind Down in December
November 6th, 2009
The benefits from the American reinvestment and Recovery Act appear to be winding down. It is possible that as early as December 2009, the funds covering many of the fees may run out. If you have a borrower with an immediate need, seek 504 approval now to beat the fee increase.
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