Pediatric Associates of Greater Salem, Inc.
Pediatric Associates of Greater Salem, Inc. is an office of physicians (except mental health specialists) located in Salem, Massachusetts. The company financed real estate or equipment through an SBA 504 loan of $1,478,000, with Eastern Bank as the lender and Bay Colony Development Corporation as the certified development company, approved on April 2, 2026.
SBA 504 loan, approved Apr 2, 2026
$1,478,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,478,000
- Bank portion
- $2,070,000
- Estimated project size
- $3,942,222 (estimated)
- Estimated owner equity
- $394,222 (estimated, about 10% of the project)
- Bank lender
- Eastern Bank, Boston, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 2, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-6
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 36% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
- Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
- Average expansion loan in Massachusetts: $2,009,683.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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