About Us

Experience.  Integrity.  Commitment.

Bay Colony Development Corp. is a Certified Development Company (CDC) whose purpose is to stimulate economic development through the creation and preservation of jobs by providing healthy companies with fixed asset financing at affordable rates and reasonable terms. Bay Colony has funded quality loans in excess of $750 million to well over 1,600 growing businesses throughout Massachusetts, Rhode Island, New Hampshire, Connecticut, and Vermont representing $2.1 billion dollars in total project financing.

Bay Colony Development Corp is a private non-profit corporation, who works with bank loan officers, accountants, real estate brokers, attorneys and their clients to identify and structure the most beneficial financing program appropriate to the needs of the project. Bay Colony has grown to be one of the larger certified development companies in the nation. Bay Colony was formed in 1981 and was one of the first SBA Accredited Lenders (1991) and Priority Lenders (1996) in the country.

Areas We Serve

Bay Colony Development Board of Directors

Rebecca DeWolfe*
Chairwoman

Scott Vandersall*
Vice-Chairman

James Healey*
Director

Nina L Luchka*
Director

Rick Lefferts
Director & Chair of the Audit Committee

Bill Cantor
Director

Timothy Fahey
Director

Mary Katherine Mansfield*
President & CEO, Bay Colony Development Corp.

*Executive Committee Members

New Hampshire
Loan Committee

Christina Bernard
Eastern Bank

Stephanie Huestis
Savings Bank of Walpole

John Phelan
BankProv

Beth Chea
Transworld Business Advisors of Boston

Tom Conaton
Primary Bank