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 2022

Loans funded in June 2022 ranged from $128,000 to $1,928,000 and provided assistance to businesses located in Tewksbury, Lowell, Methuen, Walpole, Fairhaven, Hamilton, West Roxbury, North Andover, Salem, Hanover, MA as well as Rochester, North Hampton, NH. The projects will contribute to the creation of 36 Jobs.

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Loans Funded May 2022

Loans funded in May 2022 ranged from $111,000 to $2,411,000 and provided assistance to businesses located in Lowell, Boston, Avon, Southbridge, Pepperell, Westborough, Lexington, Worcester, Tewksbury, MA as well as Bedford and Raymond, NH. The projects will contribute to the creation of 37 Jobs.

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Loans Funded April 2022

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.

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Loans Funded March 2022

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.

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Loans Funded February 2022

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.

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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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