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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in April 2021 ranged from $92,000 to $4,998,000 and provided assistance to businesses located in Westborough, Maynard, Holliston, Braintree, Boston, Woburn, Winchester, Raynham and West Stockbridge, MA as well as East Providence, Middletown and South Kingston, RI and Windsor Locks, CT. The projects will contribute to the creation of 39 Jobs.
Loans funded in March 2021 ranged from $102,000 to $843,000 and provided assistance to businesses located in Franklin, Seekonk, Boston, Lowell, Taunton and North Billerica, MA as well as Middletown and Warwick, RI. The projects will contribute to the creation of 20 Jobs.
Loans funded in February 2021 ranged from $68,000 to $3,042,000 and provided assistance to businesses located in Billerica, Littleton, Millis, Wrentham, Dartmouth, and Sturbridge, MA as well as Hampstead, NH and Pawtucket, RI. The projects will contribute to the creation of 7 Jobs.