Current Debenture Rates*

20 Year rate: 3.80% (July 2010)
10 Year rate: 2.44% (July 2010)

10-year debentures price every other month. Last updated 7/10. *per NADCO July, 2010.

BC Newswire

SBA 504-funded Projects in January

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 [...]

New England Small Business Loan Volume sees 93% Increase in FY09

Despite the economic downturn and recession, we’ve had one of our best years to date at Bay Colony! Our track record of success is proof that New England’s small businesses are thriving and helping bring our country out of the worst economic conditions in recent history. Check out some of our 2009 statistics: In Bay [...]

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Recently Approved Projects

Beauty Supply and Salon
Box Company
Hotel Expansion
Ambulance Facility
Lab Equipment Supplier

More projects

Historical Rates

The SBA 504 Loan Program offers a low, fixed rate based on a debenture bond sale. This occurs once a month for 20-year loans and every other month for 10-year loans.

Interest rates on Bay Colony’s 504 loans are set by the market. The interest rate on a borrower’s 504 loan is fixed to the current market rate at the time the SBA sells a debenture bond to fund the loan.

Servicing fees based on principal are rolled into the monthly payment.

The interest rate established by the bank/first mortgage is negotiated directly with the business owner.