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
