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