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.

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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.

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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.

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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.

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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.

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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...

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