A new year will bring new changes to Bay Colony Development. Effective July 1st, Erik Adams will take over as President and CEO of the organization. Mr. Adams is currently Bay Colony’s Executive Vice President and will be celebrating his fifteenth year with Bay...
Congratulations to our borrower, Roses Restaurant, for being featured in Berkshires Week as one of the top 7 picks for places to linger with a friend over lunch! Roses is located at 160 Housatonic Street in Lee and is open for Breakfast, Lunch and Brunch. Stop by...
Join us as we celebrate a huge milestone for the CDC lending industry. CDC lenders and the SBA have helped over 175,000 small business owners receive $100,040,561,000.00 in all time SBA 504 financing. The total impact, which includes the financing from third party...
Each year, the Small Business Administration (SBA) reviews certain fees payable to the Agency by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. Program fees paid on 504 loans for loans...
Bay Colony Development Corp. is happy to announce that effective September 1st, Laura Brown will be joining our team. Laura brings a wealth of SBA and financial services knowledge to our team, having most recently worked for BDC Capital/ CDC New England as an SBA 504...
Bay Colony Development Corp celebrates our 40th Anniversary this June. We were founded in June 1981 by David King and George Berbeco, David served as our President and George served as our Board Chair. Early Applications had to be hand delivered to SBA Boston...
