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 2021

Loans funded in October 2021 ranged from $85,000 to $229,000 and provided assistance to businesses located in Marlborough and Pepperell, MA. The projects will contribute to the creation of 4 Jobs.

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Loans Funded September 2021

Loans funded in September 2021 ranged from $81,000 to $3,438,000 and provided assistance to businesses located in Hudson, Lowell, Wilmington, Peabody, Lenox, New Bedford, Osterville, North Andover, Rehoboth, Holliston, Arlington, Auburn, Walpole, Danvers, MA as well as East Providence, East Greenwich and Johnston, RI, Manchester, CT and Salem and Seabrook and Milford, NH. The projects will contribute to the creation of 72 Jobs.

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Loans Funded August 2021

Loans funded in August 2021 ranged from $160,000 to $2,634,000 and provided assistance to businesses located in Newbury, Boston, Rockland, Waltham, Lawrence, Dedham, MA as well as Narragansett, RI. The projects will contribute to the creation of 22 Jobs.

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Loans Funded July 2021

Loans funded in July 2021 ranged from $93,000 to $1,243,000 and provided assistance to businesses located in Ludlow, Billerica, Weymouth, Ashland, Lawrence, Holliston, Canton and Melrose, MA as well as Middletown, Cranston, and Pawtucket, RI. The projects will contribute to the creation of 46 Jobs.

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Loans Funded June 2021

Loans funded in June 2021 ranged from $104,000 to $1,217,000 and provided assistance to businesses located in Ludlow, Hopkinton, Lowell, Wakefield, Ayer, Hanover, Nantucket, Rockland, MA as well as Windsor Locks, CT. The projects will contribute to the creation of 19 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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