Other Economic Development
Bay Colony Development Corp is proud to be a sponsor of the following organizations in the areas we serve, and encourage you to learn more about the work that they are doing in our communities.
- Center for Women and Enterprise — www.cweonline.org
- New Hampshire Community Loan Fund — www.communityloanfund.org
- Waterbury Chamber Small Business Council (CT) — http://www.waterburychamber.com/small-business-council.html
- Career Collaborative (MA) — www.careercollaborative.org
- Vermont Community Loan Fund — www.investinvermont.org
Community Advantage Program
Bay Colony was recently approved as a participant in SBA’s Community Advantage Program. Under this program, we are authorized to loan up to $250,000.00 to small businesses in underserved markets.
Loan proceeds may be used for:
- Working Capital
- Real Estate Acquisition
- Equipment Purchases
- Business Acquisition
- Some refinancing
Please contact one of our loan specialists for more information.