The following Bay Colony clients received SBA 504 funding in September. Combined, these projects are expected to create more than 20 new jobs!
Attorney in Boston
- Project for purchase of a commercial unit in downtown Boston
- $940,000 total project
- $383,000 – BCDC portion
- Yongmei Chen at Eastern Bank was the lender
- Borrower expects to create 3 new jobs
Truck Dealership in Rhode Island
- Project was for purchase of land and construction of a facility in Johnston, RI
- $3,500,000 total project
- $1,433,000 – BCDC portion
- Jim Sandagato at Southbridge Savings was the loan officer
- Borrower anticipates creating 6 new jobs
Metal Fabricator in Springfield, MA
- Project was for purchase of a building in Springfield, MA
- $990,000 total project
- $408,000 – BCDC portion
- Bill Fontes at Bank of Western Mass was the lender
- Borrower is retaining 17 jobs and creating 3 new positions
Software Company in Needham, MA
- Project was for purchase of a building in Needham, MA
- $775,000 total project
- $316,000 – BCDC portion
- Lance Reagan at Eastern Bank was the lender
- Borrower anticipates creating 7 new jobs
Chiropractor in Malden, MA
- Project was for purchase of a building in Malden, MA
- $175,000 total project
- $74,000 – BCDC portion
- John Allen at Eastern Bank was the lender
- Borrower anticipates creating 2 new jobs