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

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

Bay Colony Development and SBA 504 Updates- April 2026
04/10/2026

Bay Colony Development and SBA 504 Updates- April 2026

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.17% 20 Year Rate- 6.17% 10 Year Rate- 5.58% Refinance 504 25 Year R

Loans Funded March 2026
04/10/2026

Loans Funded March 2026

Loans Funded March 2026 Physical Therapist, Cumberland, RIGround-up ConstructionTotal project costs of $1,727,000BCDC contribution of $670,0001 Job will be created Liquor Store, Salem, MAPurchase Real EstateTotal project costs of $2,280,000BCDC contribution of $990,000Expanding Minority Enterprise R...

Bay Colony Development and SBA 504 March 2025 Updates- Rates Decrease!
03/10/2026

Bay Colony Development and SBA 504 March 2025 Updates- Rates Decrease!

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 5.95% 20 Year Rate- 5.97% 10 Year Rate- 5.58% Refinance 504 25 Year R

Loans Funded February 2026
03/10/2026

Loans Funded February 2026

Loans Funded February 2026 Dental Practice, Andover, MAPurchase Real Estate with Improvements & EquipmentTotal project costs of $550,000BCDC contribution of $228,0002 Jobs will be created Insurance Agency, Johnston, RIPurchase Real Estate with ImprovementsTotal project costs of $595,000BCDC contribu...

SBA 504 & Bay Colony Development News- February Updates
02/09/2026

SBA 504 & Bay Colony Development News- February Updates

Email from Bay Colony Development Corp SBA 504 & Bay Colony Development Corp. News Current Rates Traditional 504 25 Year Rate- 6.03% 20 Year Rate- 6.05% 10 Year Rate- 5.64% Refinance 504 25 Year R

Loans Funded January 2026
02/06/2026

Loans Funded January 2026

Loans Funded January 2026 Gear Manufacturer, Pawtucket, RIPurchase EquipmentTotal project costs of $320,000BCDC contribution of $134,0002 Jobs will be created HVAC Contractor, Danvers, MAPurchase Real Estate Total project costs of $2,600,000BCDC contribution of $1,066,000Improving, diversifying or s...

Address

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

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