SBA lender profile
Bay Colony Development Corporation
Bay Colony Development Corporation appears in the public SBA loan data with 1,807 funded 504 loans totaling $1.1B, an average of $607K per loan, and an estimated 9,925 jobs supported. Its SBA lending concentrates in Massachusetts and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
1,807
Total volume
$1.1B
Average loan size
$607K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
9,925
Programs
504
Bay Colony Development Corporation is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Bay Colony Development Corporation lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 1,424 | $858.2M |
| Rhode Island | 197 | $112.8M |
| New Hampshire | 120 | $64.4M |
| Connecticut | 48 | $40.0M |
| Vermont | 17 | $19.8M |
| Virginia | 1 | $1.5M |
What Bay Colony Development Corporation funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 320 | $257.2M |
| Manufacturing | 168 | $123.6M |
| Health Care and Social Assistance | 220 | $110.2M |
| Retail Trade | 202 | $107.7M |
| Construction | 177 | $87.8M |
| Other Services | 209 | $82.6M |
Bay Colony Development Corporation SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 73 | $42.5M |
| 2011 | 85 | $42.6M |
| 2012 | 116 | $74.7M |
| 2013 | 108 | $60.2M |
| 2014 | 91 | $51.7M |
| 2015 | 102 | $57.8M |
| 2016 | 105 | $54.8M |
| 2017 | 121 | $56.0M |
| 2018 | 116 | $59.1M |
| 2019 | 117 | $66.7M |
| 2020 | 114 | $64.7M |
| 2021 | 166 | $103.9M |
| 2022 | 158 | $105.5M |
| 2023 | 86 | $63.8M |
| 2024 | 104 | $72.8M |
| 2025 | 111 | $89.7M |
| 2026 | 34 | $30.3M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Bay Colony Development Corporation's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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