Bay Colony Development approved 520 SBA loans worth $383.9M between October 2021 and June 2026, ranking #80 of 2,283 SBA lenders nationally by loan count. Its median loan was $457,000, and 13% went to startups or businesses under two years old. It lent in 6 states, most often in Massachusetts, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 402 | $292.6M | $488,000 | #4 |
| New Hampshire | 54 | $38.2M | $366,000 | #14 |
| Rhode Island | 47 | $26.8M | $386,000 | #8 |
| Connecticut | 13 | $15.9M | $617,000 | #33 |
| Vermont | 3 | $8.8M | $3,653,000 | #33 |
| Virginia | 1 | $1.5M | $1,512,000 | #174 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 100 | $609,000 | |
| Other services (repair, personal care) | 67 | $397,000 | |
| Health care and social assistance | 66 | $346,500 | |
| Construction | 57 | $539,000 | |
| Retail | 47 | $454,000 | |
| Manufacturing | 37 | $657,000 | |
| Professional and technical services | 36 | $308,000 | |
| Administrative and support services | 24 | $327,000 | |
| Arts, entertainment and recreation | 22 | $593,500 | |
| Wholesale trade | 17 | $1,236,000 |