News

Stay up to date with the latest SBA industry news and the most recent projects in which Bay Colony Development has participated.

Latest Loans Funded

Loans Funded February 2025

Loans funded in February 2025 ranged from $197,000 to $1,846,000 and provided assistance to businesses located in New Milford, CT, Stoneham, MA and Woonsocket, RI. The projects will contribute to the creation of 1 Job.

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Loans Funded January 2025

Loans funded in January 2025 ranged from $269,000 to $1,087,000 and provided assistance to businesses located in Salem, Sterling, Cambridge & Dracut, MA. The projects will contribute to the creation of 32 Jobs.

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Loans Funded December 2024

Loans funded in December 2024 ranged from $182,000 to $3,653,000 and provided assistance to businesses located in North Attleborough, MA, Lowell, MA & Needham MA, Pittsfield, NH, Fremont, NH, Barrington, NH, as well as East Windsor, CT and Williston, VT. The projects will contribute to the creation of 20 Jobs.

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Loans Funded November 2024

Loans funded in November 2024 ranged from $204,000 to $4,936,000 and provided assistance to businesses located in Ashland, Danvers, Holbrook, Westborough, East Longmeadow MA, as well as Plaistow, NH. The projects will contribute to the creation of 20 Jobs.

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Loans Funded October 2024

Loans funded in October 2024 ranged from $126,000 to $612,000 and provided assistance to businesses located in Methuen, Lynnfield, Falmouth & Lunenburg MA, as well as Hampstead, NH. The projects will contribute to the creation of 6 Jobs.

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Bay Colony and Industry News

Roses Restaurant- Lee, MA

Congratulations to our borrower, Roses Restaurant, for being featured in Berkshires Week as one of the top 7 picks for places to linger with a friend over lunch! Roses is located at 160 Housatonic Street in Lee and is open for Breakfast, Lunch and Brunch.  Stop by...

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504 Fees for Fiscal Year 2022

Each year, the Small Business Administration (SBA) reviews certain fees payable to the Agency by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. Program fees paid on 504 loans for loans...

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