Loans Funded
Bay Colony Development Corp. has funded quality loans in excess of $625 million to well over 1300 growing businesses throughout Massachusetts, Rhode Island, New Hampshire, Connecticut, and Vermont representing over $1.7 billion dollars in total project financing. The many loans we have funded over the years are listed here, and we invite you to review them to get a sense of the kinds and scope of loans we have funded.
Loans Funded June 2011
Lumber Company in Ayer, MA Total project size: $1,647,000 Bay Colony portion was $582,000 Wally Dwyer from North Middlesex Savings was the participating lender Company expects to create 15 new jobs Construction Company in Cambridge, MA Project was for the purchase of...
Loans Funded May 2011
SBA Loan for New Hampshire Steel Detailing Company SBA loan for $245,000 purchase of real estate Bay Colony portion was $103,000 Dwight Feeney from Enterprise Bank was the participating lender This SBA-funded project is expected to create 2 new jobs in New Hampshire!...
Loans Funded April 2011
SBA Loan for Massachusetts Motors Company SBA loan for the purchase of $4.3 million building Bay Colony portion was $1,478,000 John Sergi from Brookline Bank arranged the bank portion of the loan This SBA-funded project is expected to create 25 new jobs in...
Loans Funded March 2011
True Value Store Project was for construction of addition to store $2.1 million project $860,000 – Bay Colony portion Elden Dube from Mascoma Bank was the participating lender Project will create 7 new jobs Transmissions shop in Springfield, MA Project was for the...
Loans Funded January 2011
Bagel Shop in Gloucester, MA Project was for the purchase of the restaurant Mike Luster from Rockport National Bank was the participating lender Borrower anticipates creating 10 new jobs Total project cost $890,000.00; Bay Colony portion $362,000.00 Semiconductor...
