News

Stay up to date with the latest SBA industry news and the most recent projects in which Bay Colony Development has participated.

Latest Loans Funded

Loans Funded February 2024

Loans funded in February 2024 ranged from $94,000 to $299,000 and provided assistance to businesses located in Orleans and Shirley, MA. The projects will contribute to the creation of 3 Jobs.

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Loans Funded January 2024

Loans funded in January 2024 ranged from $227,000 to $1,030,000 and provided assistance to businesses located in Ashby, Leominster, Waltham, MA, as well as Manchester, CT. The projects will contribute to the creation of 11 Jobs.

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Loans Funded December 2023

Loans funded in December 2023 ranged from $170,000 to $489,000 and provided assistance to businesses located in Fall River and Swampscott, MA, as well as Lincoln and Sunapee, NH. The projects will contribute to the creation of 14 Jobs.

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Loans Funded November 2023

Loans funded in November 2023 ranged from $220,000 to $5,500,000 and provided assistance to businesses located in South Yarmouth, Framingham, Stoughton, Wrentham, Boston, Holyoke, MA, as well as Providence and Woonsocket, RI, and Hamden, CT. The projects will contribute to the creation of 69 Jobs.

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Loans Funded October 2023

Loans funded in October 2023 ranged from $101,000 to $1,148,000 and provided assistance to businesses located in Billerica, Shrewsbury, North Andover, Haverhill, Norwood, MA, as well as Cranston and Cumberland, RI, Nashua, NH and Windsor Locks, CT. The projects will contribute to the creation of 27 Jobs.

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Bay Colony and Industry News

Roses Restaurant- Lee, MA

Congratulations to our borrower, Roses Restaurant, for being featured in Berkshires Week as one of the top 7 picks for places to linger with a friend over lunch! Roses is located at 160 Housatonic Street in Lee and is open for Breakfast, Lunch and Brunch.  Stop by...

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504 Fees for Fiscal Year 2022

Each year, the Small Business Administration (SBA) reviews certain fees payable to the Agency by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. Program fees paid on 504 loans for loans...

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