Bay Colony Development Corp. is pleased to recognize some of our borrowers in Rhode Island with our Award of Excellence.  The award recipients were chosen in 5 categories, Woman Owned Business, Veteran Owned Business, Most Jobs Created, Manufacturer of the Year and Minority Owned Business.  Congratulations to our Award recipients, and stop by and support their businesses when you are in the area. 


Award of Excellence for Job Creation in Rhode Island- Stoneacre Brasserie located in Newport, RI serves a French Influenced seasonal locally sourced menu and spirits. SBA 504 financing was provided by Sara Hiebner of Centreville Bank in Partnership with Eberto Ranero from Bay Colony Development Corp.

Award of Excellence for Woman Owned Business in Rhode Island- Ocean State Equine located in North Scituate, RI.  Ocean State Equine provides routine wellness care, emergency services and surgery to the Equine community in RI and MA.  SBA 504 financing was provided by David Booth of HarborOne Bank in Partnership with Eberto Ranero from Bay Colony Development Corp.

Award of Excellence for Minority Owned Business in Rhode Island- La Arepa Restaurant located in Pawtucket, RI. La Arepa serves a delicious Traditional Venezuelan Menu featuring delicious Arepas and authentic spirits.  SBA 504 financing was provided by BankNewport in Partnership with Erik Adams from Bay Colony Development Corp.

Award of Excellence for Manufacturing in Rhode Island- Grey Sail Brewing located in Westerly, RI.  Grey Sail Brewing is passionate about brewing great beer, stop by and sample some in the Tap Room in Westerly.  SBA 504 financing was provided by Sara Hiebner of Centreville Bank in Partnership with Eberto Ranero from Bay Colony Development Corp.

Award of Excellence for Veteran Owned Business in Rhode Island- Black Duck Tavern and The Comedy Connection located in East Providence, RI. Black Duck Tavern serves exceptional craft cocktails and dishes in a speakeasy style bar atmosphere.  Have a drink and bite to eat before enjoying a comedy show at the Comedy Connection next door.  SBA 504 financing was provided by Doug Hanson of Centreville Bank in Partnership with Eberto Ranero from Bay Colony Development Corp.