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 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.

read more

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.

read more

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.

read more

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.

read more

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.

read more

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...

read more