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 [...]
Bay Colony Newswire
504 Temporary Debt Refinance Program: FREE Webinar!
February 29th, 2012NADCO is hosting a FREE webinar that will cover the 504 Temporary Debt Refinance Program in detail.
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 loans
- 504 refinancing project structure
- Advantages of doing a 504 refinancing loan
- Example projects for refinanced loans, showing you how much money you can save!
A few notes about this webinar program:
- Below is the link to two copies that you can use to send out to all your contacts.
- Note there are two versions, one is for small business contacts (possible borrowers and community groups) and the other is for lending partners so you can use each version appropriately.
- If you have any questions, please email us. This will be an exciting and informative event that will give you an active marketing tool to engage potential contacts and clients!
SBA 504 Projects Funded in January, 2012
February 21st, 2012HVAC 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
- Chris Berglund from Marlborough Savings was the lender
- 7 new jobs will be created
Internship Program in Lee, MA
- Project was the purchase and renovation of real estate, and refinance of other properties
- $4,176,000 total project; $1,700,000 Bay Colony contribution
- Mark McKenna from Legacy Bank was the original lender, then the bank was merged with NBT
- 6 new jobs will be created
Rehabilitation Center in East Longmeadow, MA
- Project was the purchase and renovation of real estate
- $1,987,000 project; $815,000 Bay Colony contribution
- Jeff Sattler from Nuvo Bank was the participating lender
- 15 new jobs will be created
SBA 504 Projects Funded in December, 2011
January 10th, 2012Car Dealership in Avon, MA
- Project was for the purchase of real estate
- $800,000 total project – $330,000 Bay Colony Contribution
- Chuck Black from Bank New England was the lender
- 6 new jobs will be created
Athletic Center in Everett, MA
- Project was for the purchase of real estate
- $720,000 purchase price with a $292,000 contribution from Bay Colony
- Ed Doherty from Stoneham Bank was the lender
- 6 new jobs will be created
Sand & Gravel Company in Francestown, NH
- Project was for the refinance of existing loans
- Jay Dinkel from Hampshire First was the lender
- $590,000 total project with a $243,000 contribution from Bay Colony
Brewery in Weymouth, MA
- Project was for the purchase of real estate
- Brad Buckley at Century Bank was the lender
- $525,000 total cost with a $217,000 contribution from Bay Colony
- 5 new jobs will be created
Landscaping Company in Danvers, MA
- Project was for the purchase of real estate
- $1,245,000 total cost with a $512,000 contribution from Bay Colony
- Scott True from Danvers Bank (Now People’s) was the lender
- 11 new jobs will be created
Funeral Home in Orange, MA
- $1,272,000 total cost with a $516,000 contribution from Bay Colony
- Joe Sova from Fidelity Bank was the lender
- 2 new jobs will be created
New England SBA 504 Loans in November
December 21st, 2011Theater School in Lynn, MA
- Project was for purchase of real estate
- $560,000 total project
- $203,000 was the Bay Colony portion
- Ed Lamasney of Eastern Bank was the lender
- Company anticipates creating two jobs
Media Management Company in Salem, MA
- Project was for purchase of office condo
- $340,000 total project
- $141,000 was the Bay Colony portion
- Ed Lamasney of Eastern Bank was the lender
- Company anticipates creating 11 new jobs
Dog Training Company in Everett, MA
- Project was for purchase and renovation of property
- $1,333,000 total project
- $548,000 was the Bay Colony portion
- Shipley Mason of Century Bank was the lender
- Company anticipates creating 4 new jobs
Restaurant in West Stockbridge, MA
- Project was for the refinance of real estate
- $630,000 total project
- $134,000 was the Bay Colony portion
- Don Kuczarski of Pittsfield Co-operative Bank was the lender
- Project anticipates creating 3 new jobs
SBA 504 Loans in New England – September Projects
October 28th, 2011Medical 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