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 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...
Another SBA 504 Loan Success Story
A successful firm, focusing on outpatient medical treatment, has been growing rapidly. In 2009, Bay Colony helped to finance the company’s acquisition of a medical condominium in North Andover. A year later, when the business sought to acquire a building in a...
Leominster, MA Plastics Manufacturer Secures 504 Loan through Bay Colony
When a Leominster plastics manufacturing company decided to expand its warehousing capacity it turned to Bay Colony for Section 504 financing once again. The acquisition of a 72,000 square foot building, in an adjoining community, will provide the company with access...
Loans Funded September 2010
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...
