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 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.

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Loans 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.

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Loans 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.

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Loans Funded January 2017

Loans funded in January, 2017 ranged from $94,000 to over $2.1 million, for businesses ranging from Waltham to Fitchburg, Brookline to Danvers, Fitchburg to Westport. Approximately 32 jobs are to be created as a result.

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Loans Funded December 2016

Loans funded in December, 2016 ranged from $102,000 to over $1.2 million, for businesses ranging from Boston to Marshfield and Great Barrington in Massachusetts, to Little Compton, Rhode Island. Approximately 21 jobs are to be created as a result.

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Bay Colony and Industry News

SBA 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...

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Bay 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...

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