It is bcdc's mission to be the lender of choice for small businesses, by investing resources; both monetarily and professionally, that offer creative financing solutions to provide positive economic impact within the communities we serve.
To assist small business concerns to finance owner occupied commercial real estate, purchases of land, machinery and equipment, and to assist with the growth and development of businesses and foster increased employment opportunities. During the year received approval from the sba for 121 projects totaling $56. 1m in section 504 loans. During the year bay colony development funded 87 loans totaling $55. 1m.