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 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...
Loans Funded December 2010
Convenience store, gas station, Laundromat in Holyoke, MA Company is creating 16 new jobs Our project was for the construction of the facility Mike Thibeault at Flagship was the participating lender $2.9 million total project cost $1,025,000 – BCDC portion Adult day...
An Unusual Candidate for SBA 504 Funding in New Hampshire
In New Hampshire, Bay Colony recently helped to finance a relatively unusual project. A company, in the business of excavating and rock crushing for the last twenty years found an opportunity to acquire a large sand and gravel pit. Containing more than a million yards...
