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 March 2018
Loans funded in March 2018 ranged from $159,000 to $1,260,000 and provided assistance to business located in Charlestown, Brockton, Haverhill, Dedham, Boston, Nantucket and Rowley, MA. The projects will contribute to the creation of 24 Jobs.
read moreLoans Funded February 2018
Loans funded in February 2018 ranged from $133,000 to $835,000 and provided assistance to business located in Shelburne, Middleboro, Sandwich and Harvard, MA as well as Pawtucket, Providence, Wakefield and Lincoln, RI. The projects will contribute to the creation of 66 Jobs.
read moreLoans Funded January 2018
Loans funded in January 2018 ranged from $139,000 to $453,000 and provided assistance to business located in Marlborough, Lynn, Webster, Mansfield, MA and Bristol, RI. The projects will contribute to the creation of 16 Jobs.
read moreLoans Funded December 2017
Loans funded in December 2017 ranged from $190,000 to $1,270,000 and provided assistance to business located in Weymouth, Canton & Medford, MA; Westerly, RI; Hudson, NH; and Southington, CT. The projects will contribute to the creation of 42 Jobs.
read moreLoans Funded November 2017
Loans funded in November 2017 ranged from $148,000 to $785,000 and provided assistance to business located in East Providence, RI, Leominster, Andover, Whitman, Lynn, Norwell, and Peabody, MA. The projects will contribute to the creation of 11 Jobs.
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25 Year 504 Option
Bay Colony Development named the top SBA 504 lender in Massachusetts for FY2017
read moreBay Colony Development named the top SBA 504 lender in Massachusetts
Bay Colony Development named the top SBA 504 lender in Massachusetts for FY2017
read moreBay Colony Staff Contributes to Toys for Tots
Bay Colony Development Toys for Tots 2017
read moreSBA Officials announce a 25 Year Debenture is on the way for 504 Loans
SBA officials announced last week at NADCO’s Spring Summit that the Office of Management and Budget (OMB) has cleared the way for the issuance of 25-year debentures in the SBA 504 program. This structure has long been sought by the industry to provide its small...
read moreSBA Administrator McMahon rescinds program name changes
What's our name? Back in November the SBA announced a re-branding of the 7A loan program and the 504 Loan program with new names of SBA Advantage Loan Program and SBA Grow Loan Program. After much debate in the industry over the new names, we are happy to report...
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