Bay Colony Development Corp.

Bay Colony Development Corp. Bay Colony Development Corp is a CDC whose purpose is to stimulate economic development through the creation and preservation of jobs.

We assist small business owners in obtaining SBA 504 financing for the acquisition of their owner occupied real estate. Bay Colony Development Corp. is a Certified Development Company (CDC) whose purpose is to stimulate economic development through the creation and preservation of jobs by providing healthy companies with fixed asset financing at affordable rates and reasonable terms. Bay Colony De

velopment Corp Has Assisted over 1,623 small businesses with total project financing in excess of $2.1 billion and assisted in the creation of nearly 14,000 jobs to growing businesses throughout Massachusetts, Rhode Island, New Hampshire, Vermont and the Northern CT counties. Bay Colony Development Corp . is a private non-profit corporation. Our board members are drawn from industry, banking, economic development, real estate, government, and management consulting. By working with bank loan officers, accountants, real estate brokers, attorneys and their clients to identify and structure the most beneficial financing program appropriate to the needs of the project, Bay Colony has grown to be one of the larger certified development companies in the nation. Bay Colony was formed in 1981 and was one of the first SBA Accredited Lenders (1991) and Priority Lenders (1996) in the country. Areas we serve

Massachusetts: All counties
New Hampshire: All counties
Rhode Island: All counties
Vermont: All counties
Connecticut: Hartford, Litchfield, Tolland, and Windham counties

SBA updates August 2026 and New SOP changes coming October 1st
08/26/2026

SBA updates August 2026 and New SOP changes coming October 1st

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.50% 20 Year Rate- 6.46% 10 Year Rate- 6.17% Refinance 504 25 Year R

Loans Funded July 2026
08/25/2026

Loans Funded July 2026

Loans Funded July 2026 Recyclable Material Wholesaler, Rockland, MAGround-Up ConstructionTotal project costs of $3,784,650BCDC contribution of $1,538,0008 Jobs will be created Electronic Insulation Products, Beverly, MAPurchase Real Estate Total project costs of $1,650,000BCDC contribution of $686,0...

Bay Colony Development and SBA 504 News- July 2026
07/10/2026

Bay Colony Development and SBA 504 News- July 2026

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.40% 20 Year Rate- 6.39% 10 Year Rate- 6.17% Refinance 504 25 Year R

Loans Funded June 2026
07/09/2026

Loans Funded June 2026

Loans Funded June 2026 Chiropractor, Waltham, MAPurchase Real EstateTotal project costs of $900,000BCDC contribution of $374,000Improving, Diversifying, or Stabilizing the Economy of the locality Mental Health Professionals, West Warwick, RIPurchase Real Estate with ImprovementsTotal project costs o...

SBA 504 and Bay Colony Development- June Updates
06/15/2026

SBA 504 and Bay Colony Development- June Updates

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.34% 20 Year Rate- 6.35% 10 Year Rate- 5.85% Refinance 504 25 Year R

Loans Funded May 2026
06/15/2026

Loans Funded May 2026

Loans Funded May 2026 Recyclable Material Wholesaler, Rockland, MAEquipmentTotal project costs of $3,100,000BCDC contribution of $1,112,000Improving, Diversifying, or Stabilizing the Economy of the locality Beauty Salon, Hanover, MAPurchase Real EstateTotal project costs of $900,000BCDC contribution...

Changes to 7(a) and 504 Loan Limits Effective July 4th, 2026
05/19/2026

Changes to 7(a) and 504 Loan Limits Effective July 4th, 2026

Email from Bay Colony Development Corp Bay Colony Development Corp. News- 7A & 504 Loan Limits Changes to Cumulative 7(a) & 504 Loan Limits SBA Administrator Kelly Loeffler announced on May 18th, that

Bay Colony Development and SBA 504 May 2026 News
05/14/2026

Bay Colony Development and SBA 504 May 2026 News

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.18% 20 Year Rate- 6.20% 10 Year Rate- 5.85% Refinance 504 25 Year R

Loans Funded April 2026
05/14/2026

Loans Funded April 2026

Loans Funded April 2026 Painting Contractor, Attleboro, MAGround-up ConstructionTotal project costs of $1,763,338BCDC contribution of $804,00012 Job will be created Restaurant, Sandwich, MAPurchase Real EstateTotal project costs of $1,565,000BCDC contribution of $566,0002 Jobs will be created Enviro...

Bay Colony Development Corp is Hiring!
04/29/2026

Bay Colony Development Corp is Hiring!

Email from Bay Colony Development Corp Bay Colony Development Corp. News- We Are Hiring! We Are Hiring- SBA 504 Loan Underwriter About the Role We are seeking a detail-oriented SBA 504 Loan Underwrite

Address

230 3rd Avenue, 1st Floor
Waltham, MA
02451

Alerts

Be the first to know and let us send you an email when Bay Colony Development Corp. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Bay Colony Development Corp.:

Shortcuts

Share

Category