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 2020
Loans funded in December 2020 ranged from $85,000 to $394,000 and provided assistance to businesses located in Danvers, Stoughton, Shrewsbury, Fitchburg and Lynn, MA. The projects will contribute to the creation of 9 Jobs.
Loans Funded November 2020
Loans funded in November 2020 ranged from $76,000 to $585,000 and provided assistance to businesses located in Dracut, Methuen, New Bedford, Seekonk, Tewksbury, Duxbury, Abington and Somerville, MA. The projects will contribute to the creation of 22 Jobs.
Loans Funded October 2020
Loans funded in October 2020 ranged from $419,000 to $2,755,000 and provided assistance to businesses located in Woburn and Lakeville, MA. The projects will contribute to the creation of 20 Jobs.
Loans Funded September 2020
Loans funded in September 2020 ranged from $85,000 to $1,859,000 and provided assistance to businesses located in Greenfield, Holliston, Plymouth, Framingham, Burlington, Waltham, East Boston, Ashland, Medford, North Billerica, Ipswich, Everett, Weston and Chelmsford, MA as well as Putnam, CT, Dover, NH and Bristol, RI. The projects will contribute to the creation of 80 Jobs.
Loans Funded August 2020
Loans funded in August 2020 ranged from $115,000 to $630,000 and provided assistance to businesses located in Middletown and Cumberland, RI as well as Weymouth, MA. The projects will contribute to the creation of 64 Jobs.
Bay Colony and Industry News
Economic Aid Act- What does it mean to SBA 504 Loan Borrowers?
The Economic Aid Act passed by Congress and signed into law at the end of December provides benefits to small business borrowers with SBA loans. The Act provides additional funding for the PPP loan program, rescinds the Tax Implications that previously applied to PPP...
CARES Act Provides Mortgage Debt Relief to SBA 504 Borrowers
CARES Act Provides Mortgage Debt Relief to SBA 504 Borrowers
Frog and Toad, Providence RI- “Knock it Off” & “Shut if Down”- Covid-19 RI Foundation Fund
Frog and Toad
Paycheck Protection Program Updates
Paycheck Protection Program
Small Business Assistance Loans via Stimulus Bill and EIDL Loan Updates
Small Business Assistance Loans via Stimulus Bill and EIDL Loan Updates