SBA 504-funded Projects in January

March 4th, 2010

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 (Patty Wilson) provided the senior financing

Evolution Beauty Supply and Salon

• Project was for the $448,000 purchase of the building
• Company estimates creating 4 jobs over the next two years
• Enterprise Bank (Richard Chavez) provided the senior financing

GF Sales

• Project was for the purchase and renovation of building for a total cost of $900,000
• Company estimates creating ten new jobs over the next two years
• TD Bank (Bayard Read) provided the senior financing

Gooby Industries d/b/a Century Box Company

• Project was for the purchase of $2,430,500 in equipment
• Company estimates creating 41 jobs in the next two years
• Century Bank (Brad Buckley) provided the senior financing

Irinoula Hospitality Group d/b/a Comfort Inn & Suites

• Project was for the $4.2 million expansion to the hotel
• Company anticipates creating 7 new jobs over the next two years
• Berkshire Bank (Bill Davis) provided the senior financing

Nitor Corp.

• Project was for the construction of a new facility for $664,000
• Company anticipates creating 3 new jobs over the next two years
• Bank of Western Mass (Jim Carvalho) provided the senior financing

Pridestar EMS

• Project was for the construction of $1.8 million ambulance facility
• Company anticipates creating 15 new jobs over the next two years
• Lowell Five Cents Savings Bank (Robert Dolan) provided the senior financing

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