The following Bay Colony clients received SBA 504 funding in August. Combined, these projects are expected to create more than 30 new jobs!

IT Solutions company

  • Project for purchase of building in Pembroke, MA
  • $3 million total project
  • $1,211,000 – BCDC portion
  • Hector DaCosta at Bank of America was the participating lender
  • Borrower expects to create 10 new jobs

Diecutting company

  • Project was for purchase and renovation of building in Chicopee
  • $428,000 total project
  • $175,000 – BCDC portion
  • Jim Carvalho at Bank of Western Mass was the participating lender
  • Borrower anticipates creating 7 new jobs

Building purchase in Woburn, MA

  • $1,226,000 total project
  • $489,000 – BCDC portion
  • Kim Downing at Salem Five was the participating lender
  • Borrower expects to create 3 new jobs

Hotel in Springfield, MA

  • Project was for purchase of hotel in Springfield
  • $2.5 million total project
  • $884,000 – BCDC portion
  • John White at Nuvo Bank was the participating lender
  • Borrower anticipates creating 14 new jobs