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 August 2010
The following Bay Colony clients received SBA 504 funding in August. Combined, these projects are expected to create more than 30 new jobs! IT Solutions company Project for purchase of building in Pembroke, MA $3 million total project $1,211,000 – BCDC portion Hector...
Loan Funded July 2010
Bay Colony was able to get numerous SBA 504 loans approved for our borrowers in July. Here are some highlights of the projects we helped fund last month: Physical Therapist in Essex Junction, VT Project for construction of office condo Total Project Cost $762,000 BCDC...
Loans Funded January 2010
Bay Colony saw a busy start to 2010 with numerous projects obtaining SBA 504 funding. Below are just a few of the projects that we've arranged financing for: MLS Sheet Metal Project was for the $470,000 purchase of vicon coil line equipment Company estimates creating...
Loans Funded October 2009
Thanks to the American Recovery and Reinvestment Act (ARRA), SBA 504 loan rates were very favorable in October with a rate of 3.92% (compared to 5.63% in October 2008). With rates this low, many small business owners decided to take advantage of the SBA 504 loan...
