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 October 2022

Loans funded in October 2022 ranged from $235,000 to $1,153,000 and provided assistance to businesses located in Acton, Peabody, West Yarmouth, Somerville, Dracut, Hyannis, Ayer, Danvers and Lancaster, MA as well as Wilton, Manchester, Londonderry and Merrimack, NH and Manchester, CT. The projects will contribute to the creation of 66 Jobs.

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Loans Funded September 2022

Loans funded in September 2022 ranged from $117,000 to $1,246,000 and provided assistance to businesses located in Stoughton, Methuen, Mansfield, Tyngsborough, Bellingham and Taunton, MA as well as Smithfield, RI. The projects will contribute to the creation of 12 Jobs.

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Loans Funded August 2022

Loans funded in August 2022 ranged from $167,000 to $619,000 and provided assistance to businesses located in Truro, Rochester, Lunenburg, Jamaica Plain, Holliston, Northborough, Auburn, Lynn, Natick, Needham, Middleton, MA as well as Windham, NH and Portsmouth, Central Falls, and Providence, RI. The projects will contribute to the creation of 32 Jobs.

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Loans Funded July 2022

Loans funded in July 2022 ranged from $103,000 to $1,941,000 and provided assistance to businesses located in West Roxbury, Middleton, Peabody, Marlborough, Swampscott, Cotuit, East Brookfield, North Andover, Leominster, Brockton, MA as well as Portsmouth, Newmarket, NH and Litchfield, CT and Coventry, RI. The projects will contribute to the creation of 42 Jobs.

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Loans Funded June 2022

Loans funded in June 2022 ranged from $128,000 to $1,928,000 and provided assistance to businesses located in Tewksbury, Lowell, Methuen, Walpole, Fairhaven, Hamilton, West Roxbury, North Andover, Salem, Hanover, MA as well as Rochester, North Hampton, NH. The projects will contribute to the creation of 36 Jobs.

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Bay Colony and Industry News

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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