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 April 2022 ranged from $130,000 to $1,523,000 and provided assistance to businesses located in Boston, North Billerica, Beverly, Needham, Methuen, Salisbury, Winchester and Weymouth, MA as well as Newport, RI. The projects will contribute to the creation of 35 Jobs.
Loans funded in March 2022 ranged from $221,000 to $1,426,000 and provided assistance to businesses located in Tewksbury, Danvers, Haverhill, Yarmouth, Hudson, Brockton, and Easton, MA as well as Little Compton, RI and Kingston, NH. The projects will contribute to the creation of 42 Jobs.
Loans funded in February 2022 ranged from $185,000 to $1,030,000 and provided assistance to businesses located in Dracut, Mashpee, Walpole, Middleborough, Sharon, Saugus, Middleton, Eastham and Rowley, MA as well as East Greenwich and Westerly, RI and Portsmouth, NH. The projects will contribute to the creation of 64 Jobs.
Loans funded in January 2022 ranged from $85,000 to $568,000 and provided assistance to businesses located in Lawrence, East Boston, Fitchburg, Tewksbury, East Longmeadow and Leominster, MA as well as Glastonbury, CT. The projects will contribute to the creation of 16 Jobs.
Loans funded in December 2021 ranged from $110,000 to $1,213,000 and provided assistance to businesses located in Milton, Natick, Haverhill, Boston, Lee, Salem, Salisbury and Acushnet, MA as well as Providence, RI and Putnam, CT. The projects will contribute to the creation of 32 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...