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 December 2025
Loans funded in December 2025 ranged from $152,000 to $3,422,000 and provided assistance to businesses located in Winchester, MA; Burrillville, RI; Manchester and Portsmouth, NH. The projects will contribute to the creation of 6 Jobs.
Loans Funded November 2025
Loans funded in November 2025 ranged from $384,000 to $1,286,000 and provided assistance to businesses located in Woburn, Medway, Marlborough & Hingham, MA. The projects will contribute to the creation of 12 Jobs.
Loans Funded October 2025
Loans funded in October 2025 ranged from $167,000 to $1,860,000 and provided assistance to businesses located in Mashpee, Everett, Marblehead, Foxboro, West Boylston & Raynham, MA as well as Providence & Cranston, RI and Portsmouth, NH. The projects will contribute to the creation of 11 Jobs.
Loans Funded September 2025
Loans funded in September 2025 ranged from $117,000 to $2,098,000 and provided assistance to businesses located in Cheshire, Canton, Salem, Worcester, Boston, Leominster, Wilmington, Duxbury, MA as well as Plaistow, Rye, Merrimack, Londonderry and Hillsborough, NH. The projects will contribute to the creation of 40 Jobs.
Loans Funded August 2025
Loans funded in August 2025 ranged from $171,000 to $404,000 and provided assistance to businesses located in Westfield and Scituate, MA and Smithfield, RI. The projects will contribute to the creation of 4 Jobs.
Bay Colony and Industry News
Erik Adams to become President and CEO of Bay Colony Development Corp.
A new year will bring new changes to Bay Colony Development. Effective July 1st, Erik Adams will take over as President and CEO of the organization. Mr. Adams is currently Bay Colony’s Executive Vice President and will be celebrating his fifteenth year with Bay...
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...
The SBA 504 Program Just Reached $100 Billion in All Time Loan Fundings!
Join us as we celebrate a huge milestone for the CDC lending industry. CDC lenders and the SBA have helped over 175,000 small business owners receive $100,040,561,000.00 in all time SBA 504 financing. The total impact, which includes the financing from third party...
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...
Coming Soon – Laura Brown
Coming Soon- Laura Brown