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 2023
Loans funded in February 2023 ranged from $94,000 to $2,555,000 and provided assistance to businesses located in Marlborough, Pepperell, Townsend, Lee, Brookline, Amesbury, MA as well as Woodstock, VT. The projects will contribute to the creation of 8 Jobs.
Loans Funded January 2023
Loans funded in January 2023 ranged from $113,000 to $1,851,000 and provided assistance to businesses located in North Reading, Lee, Mashpee, Salem, Lynn, Reading, Framingham, Chicopee, MA as well as Farmington, CT, and Smithfield, RI. The projects will contribute to the creation of 46 Jobs.
Loans Funded December 2022
Loans funded in December 2022 ranged from $163,000 to $2,734,000 and provided assistance to businesses located in Bellingham, Chelmsford, Rockland, Holliston, Groveland, Jamaica Plain, Lynn, Boxborough, Cambridge, Peabody, North Reading, MA as well as Nashua, Portsmouth, NH, and Warwick and Smithfield, RI. The projects will contribute to the creation of 85 Jobs.
Loans Funded November 2022
Loans funded in November 2022 ranged from $72,000 to $2,923,000 and provided assistance to businesses located in Hopedale, Ipswich, Plainville, Hopkinton, Chatham, Medford, Pepperell, Hanover, Methuen, Seekonk, Salem, Mansfield and Boston, MA as well as Manchester and Pelham, NH. The projects will contribute to the creation of 74 Jobs.
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.
Bay Colony and Industry News
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
Bay Colony Development Corp 40 Year Anniversary
Bay Colony Development Corp. 40 Year Anniversary
Reduction in Number of Payments under the CARES and Economic Aid Act
On February 16, 2021, SBA issued Procedural Notice 5000-20095 detailing reduced debt relief benefits to 7(a), 504, and Microloan Programs due to insufficiency of funds. Congress appropriated $3.5 billion to carry out extended CARES Act Section 1112 payment subsidies...