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 2023
Loans funded in October 2023 ranged from $101,000 to $1,148,000 and provided assistance to businesses located in Billerica, Shrewsbury, North Andover, Haverhill, Norwood, MA, as well as Cranston and Cumberland, RI, Nashua, NH and Windsor Locks, CT. The projects will contribute to the creation of 27 Jobs.
Loans Funded September 2023
Loans funded in September 2023 ranged from $133,000 to $3,001,000 and provided assistance to businesses located in Hingham and Hyannis, MA, as well as West Greenwich, RI, Keene, NH and Brooklyn, CT. The projects will contribute to the creation of 22 Jobs.
Loans Funded August 2023
Loans funded in August 2023 ranged from $227,000 to $1,764,000 and provided assistance to businesses located in Lynn, Boston, Franklin, East Boston, Sandwich, MA, as well as Newport, RI. The projects will contribute to the creation of 19 Jobs.
Loans Funded July 2023
Loans funded in July 2023 ranged from $111,000 to $866,000 and provided assistance to businesses located in Lowell, Nantucket, Mashpee and South Easton, MA, as well as North Kingstown and Pawtucket, RI. The projects will contribute to the creation of 13 Jobs.
Loans Funded June 2023
Loans funded in June 2023 ranged from $322,000 to $923,000 and provided assistance to businesses located in Billerica, North Andover, Salem, Lincoln & Worcester, MA. The projects will contribute to the creation of 13 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...