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 June 2017
Loans funded in June 2017 ranged from $140,000 to $4,294,000 and provided assistance to business located in Haverhill, Blackstone, Holden, Boxford, Taunton, Lynn and Scituate, MA. The projects will contribute to the creation of 15 Jobs.
read moreLoans Funded May 2017
Loans funded in May 2017 ranged from $135,000 to $4,436,000 and provided assistance to business located in Assonet, Reading, West Springfield, Peabody, Burlington & Natick, MA as well as North Providence, RI. The projects will contribute to the creation of 53 Jobs.
read moreLoans Funded April 2017
Loans funded in April 2017 ranged from $109,000 to $719,000 and provided assistance to business located in Somerville, Westborough, Milford, Westford, Lynn, Natick, Pepperell and Northborough, MA. The projects will contribute to the creation of 27 Jobs.
read moreLoans Funded March 2017
Loans funded in March 2017 ranged from $105,000 to $1,148,000 and provided assistance to business located in Provincetown, Hingham and Randolph, MA. The projects will contribute to the creation of 5 Jobs.
read moreLoans Funded February 2017
Loans funded in February 2017 ranged from $90,000 to $965,000 and provided assistance to business located in Lynn, Georgetown, Lawrence, Gloucester, Hyannis and Brighton, MA as well as Dover, NH and East Providence and Newport, RI. The projects will contribute to the creation of 141 Jobs.
read moreBay Colony and Industry News
SBA Officials announce a 25 Year Debenture is on the way for 504 Loans
SBA officials announced last week at NADCO’s Spring Summit that the Office of Management and Budget (OMB) has cleared the way for the issuance of 25-year debentures in the SBA 504 program. This structure has long been sought by the industry to provide its small...
read moreSBA Administrator McMahon rescinds program name changes
What's our name? Back in November the SBA announced a re-branding of the 7A loan program and the 504 Loan program with new names of SBA Advantage Loan Program and SBA Grow Loan Program. After much debate in the industry over the new names, we are happy to report...
read moreBay Colony Development Corp launches new website
Have you checked out our new interactive website that was just launched this month? In order to make information easier to find for both our bankers and borrowers, we undertook the task of starting to update our site a couple of months back, and we are pretty happy...
read moreBay Colony Development Corp. Continues Its Expansion with Statewide Coverage for New Hampshire
Bay Colony Development Corp. is pleased to announce that the SBA has approved our expansion request for full state coverage in New Hampshire. We are excited to be able to provide our bankers and borrowers in the Granite State with additional SBA 504 lending...
read more