NADCO is hosting a FREE webinar that will cover the 504 Temporary Debt Refinance Program in detail. REGISTER HERE Hosted by our experienced industry instructors, and with participation by key SBA officials, the webinar will be one hour in length, held on Thursday, March 8th, at 1:00 pm Eastern Standard Time. We will cover topics including: Eligibility for refinancing [...]
SBA 504 Funded Projects in July, 2010
August 6th, 2010
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 Bank
Molding company in West Springfield, MA
- Project was for the purchase of equipment
- Total Project Cost $500,000
- BCDC Loan $179,000
- Start-up company creating 5 new jobs
- Participating Lender: John White, Nuvo Bank
Physical Therapist in Cranston, RI
- Project for purchase of office condo
- Total Project $215,000
- BCDC Portion – $78,000
- Creating 2 new jobs
- Participating Lender: Doug Hanson, Bank Newport
Hair Salon in Weymouth, MA
- Project for purchase of building
- Total Project Cost – $162,500
- BCDC Portion – $68,000
- Creating 5 new jobs
- Participating Lender: Diane Richardi, Weymouth Bank
Manufacturer in Wilmington, MA
- Project for purchase of equipment
- Total Project Cost $1,623,300
- BCDC Portion – $657,000
- Creating 6 new jobs
- Participating Lender: Brad Buckley, Century Bank
Doughnut Shoppe in Great Barrington, MA
- Project for purchase and renovation of building
- Total Project Cost – $605,000
- BCDC Portion – $216,000
- Startup company creating 4 new jobs
- Participating Lender: Christopher Kinne, Lee Bank
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