Bay Colony Newswire

Theater 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

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

Music Store in Braintree, MA

• Project was for the purchase of real estate
• $350,000 purchase; $140,000 SBA loan
• James McGovern at Walpole Co-operative Bank was the participating lender
• Project expects to create 3 new jobs

Building & Architecture Firm in Sagamore Beach, MA

• Project was for the purchase of real estate
• $435,000 purchase; $176,000 SBA loan
• Chris Richards from Cape Cod Five was the participating lender
• Project expects to create 3 new jobs

Motor Company in Worcester, MA

• Project was for the purchase of real estate
• $1,751,436 purchase; $719,000 SBA loan
• Michael Quink from Spencer Savings Bank was the participating lender
• Project expects to create 15 new jobs

Foodservice Equipment Manufacturers’ Agent in Westford, MA

• Project was for the purchase and renovation of real estate
• $625,000 total cost; $258,000 SBA loan
• David Brown from Enterprise Bank was the participating lender
• Project expects to create 4 new jobs

Lumber Company in Ayer, MA

• Total project size: $1,647,000
• Bay Colony portion was $582,000
• Wally Dwyer from North Middlesex Savings was the participating lender
• Company expects to create 15 new jobs

Construction Company in Cambridge, MA

• Project was for the purchase of real estate
• Total project size:$330,000
• Bay Colony portion $137,000
• John Sergi from Brookline Bank was the participating lender
• Company expects to create 3 new jobs

Restaurant in Boston, MA

• Project was for the purchase of real estate
• Total project size: $900,000
• Bay Colony portion $336,000
• John Fleming from Sovereign Bank was the participating lender

Media company in Boston, MA

• Project was for the purchase and renovation of real estate
• Total project size: $700,000
• Bay Colony portion was $289,000
• Scott True from Danvers Bank was the participating lender

Marketing company in East Longmeadow, MA

• Project was for the purchase of real estate
• Total project size $411,000
• Bay Colony portion $171,000
• Jeff Sattler from Nuvo Bank was the participating lender

SBA Loan for New Hampshire Steel Detailing Company

• SBA loan for $245,000 purchase of real estate
• Bay Colony portion was $103,000
• Dwight Feeney from Enterprise Bank was the participating lender
• This SBA-funded project is expected to create 2 new jobs in New Hampshire!

SBA Loan for Massachusetts Interior Design Company

• SBA loan for $230,000 purchase of real estate
• Bay Colony portion was $85,000
• Luisa Coppola from Salem Five was the participating lender
• This SBA-funded project is expected to create 4 new jobs in Massachusetts!

SBA Loan for Massachusetts Truck Equipment Company

• SBA loan for the construction of a $5 million facility
• Bay Colony portion was $2 million
• Mike Olson from Rollstone Bank was the participating lender
• This SBA-funded project is expected to create 3 new jobs in Massachusetts!

SBA Loan for Massachusetts Restaurant

• SBA loan for the purchase of $1.5 million building
• Bay Colony portion was $532,000
• Joe Kulig from TD Bank was the participating lender
• This SBA-funded project is expected to create 30 new jobs in Massachusetts!

SBA Loan for Massachusetts Restaurant

• SBA loan for the purchase of $471,000 building
• Bay Colony portion was $168,000
• Dave Perry from Fidelity Bank was the participating lender
• This SBA-funded project is expected to create 8 new jobs in Massachusetts!