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 in August 2021 ranged from $160,000 to $2,634,000 and provided assistance to businesses located in Newbury, Boston, Rockland, Waltham, Lawrence, Dedham, MA as well as Narragansett, RI. The projects will contribute to the creation of 22 Jobs.
Loans funded in July 2021 ranged from $93,000 to $1,243,000 and provided assistance to businesses located in Ludlow, Billerica, Weymouth, Ashland, Lawrence, Holliston, Canton and Melrose, MA as well as Middletown, Cranston, and Pawtucket, RI. The projects will contribute to the creation of 46 Jobs.
Loans funded in June 2021 ranged from $104,000 to $1,217,000 and provided assistance to businesses located in Ludlow, Hopkinton, Lowell, Wakefield, Ayer, Hanover, Nantucket, Rockland, MA as well as Windsor Locks, CT. The projects will contribute to the creation of 19 Jobs.
Loans funded in May 2021 ranged from $57,000 to $453,000 and provided assistance to businesses located in Harvard, Adams, South Yarmouth, Holliston, Wellfleet, Lowell and Westfield, MA as well as Warwick, RI and Salem and Wilton, NH. The projects will contribute to the creation of 26 Jobs.
Loans funded in April 2021 ranged from $92,000 to $4,998,000 and provided assistance to businesses located in Westborough, Maynard, Holliston, Braintree, Boston, Woburn, Winchester, Raynham and West Stockbridge, MA as well as East Providence, Middletown and South Kingston, RI and Windsor Locks, CT. The projects will contribute to the creation of 39 Jobs.
Bay Colony and Industry News
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
Bay Colony Development Corp. 40 Year Anniversary
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...
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...