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 has funded quality loans to well over 500 growing businesses throughout Massachusetts, representing nearly two thirds of a billion dollars in total project financing.

BAY COLONY DEVELOPMENT CORP. is a private non-profit corporation. Our twenty-five members are drawn from industry, banking, economic development, real estate, government, and management consulting.  These different sectors are also represented on our Board of Trustees.

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 one of the first SBA Accredited Lenders (1991) and Priority Lenders (1996) in the country.

In addition to providing SECTION 504 Loan Program financing, BAY COLONY works with lending institutions and the SBA to assist small businesses with loan guarantees under the Section 7(a) Guaranteed Loan Program.