HVAC Company in Danvers, MA Project was purchase of real estate Donna McMillan from Eastern Bank was the lender $271,000 purchase price $114,000 Bay Colony contribution 10 new jobs will be created Dental Practice in Brookline, MA Project was for the purchase and renovation of real estate $1,260,000 purchase price; Bay Colony contribution of $511,000 [...]
SBA 504 Loans in New England – September Projects
October 28th, 2011
Medical Practice in Auburn, MA
- Funds were used to purchase and renovation property
- Project was done in conjunction with George Calameris at Millbury Savings Bank
- Total project of $1,360,000 – Bay Colony contributed $551,000
- Company expects to create 6 new jobs
Restaurant in Chestnut Hill, MA
- Funds were used for leasehold improvements
- Project was done in conjunction with Ed Casavant at Wellesley Bank
- Total project of $1,696,000 – Bay Colony contributed $686,000
- Company expects to create 45 new jobs
Law Practice in Charlestown, MA
- Funds were used to purchase property
- Project was done in conjunction with Yongmei Chen at Eastern Bank
- Purchase price of $625,000 – Bay Colony contributed $258,000
- Company expects to create 4 new jobs
Day Care Facility in Charlton, MA
- Funds were used to purchase property
- Project was done in conjunction with Ruth Cavanagh at Spencer Savings Bank
- Purchase price of $1,000,000 – Bay Colony contributed $412,000
- Company expects to create 8 new jobs
Technology Management firm in Lowell, MA
- Funds were used to purchase and renovation of property
- Project was done in conjunction with William Collins, Jr. at Enterprise Bank
- Project cost of $1,450,000 – Bay Colony contributed $596,000
- Company expects to create 10 jobs
Food Franchise in Waltham, MA
- Funds were used to purchase and renovation of property
- Project was done in conjunction with Lance Reagan at Eastern Bank
- Project cost of $750,000 – Bay Colony contributed $309,000
- Company expects to create 6 new jobs