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

Massachusetts — All Counties

MA State MapMassachusetts — All Counties

New Hampshire — All Counties

New Hampshire — All counties

Rhode Island — All Counties

Rhode Island — All counties

Vermont — All Counties

Vermont — All counties

Connecticut — Litchfield, Hartford, Tolland, and Windham counties

Connecticut —
Litchfield, Hartford, Tolland, and Windham counties

Bay Colony Development Board of Directors

Rebecca DeWolfe*

Scott Vandersall*

James Healey*

Nina L Luchka*

Rick Lefferts
Director & Chair of the Audit Committee

Bill Cantor

Timothy Fahey

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

*Executive Committee Members

Rhode Island
Loan Committee

Jeffrey Cascione
Navigant Credit Union

Paul J. DiSanto
Centreville Bank

Mark A. Borkman
Bristol County Savings Bank

David A. Booth
Harbor One

Jason Costa
Washington Trust 

Loan Committee

Heather Bradley
Community National Bank

Elden Dube
Mascoma Savings Bank

Patrick Malone
Malone Properties

David Nourse
Peoples United Bank

Dwight Williams
Berkshire Bank

New Hampshire
Loan Committee

Christina Bernard
Eastern Bank

Stephanie Huestis
Savings Bank of Walpole

John Phelan

Beth Chea
Transworld Business Advisors of Boston

Tom Conaton
Primary Bank

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TOLL FREE 888.355.6663

FAX  781.647.4950

Contact Us

Call a Loan Specialist

Erik Adams 781.478.3653

Eberto Ranero 781.478.3652

Laura Brown 781-478-3669

Heather Storme 781.478.3667