Small Business Loans
The Progress Fund is a Community Development Financial Institution that creates jobs and improves communities by providing entrepreneurial coaching and capital.
Few conventional lenders tailor their offerings to small, rural businesses. The Progress Fund, however, specializes in loans within the tourism and hospitality industries. The following are types of businesses The Progress Fund has worked with in Trail Towns:
- Bike shop
In total, The Progress Fund has made loans to 32 new or expanded businesses in the Trail Towns along the Great Allegheny Passage. Loans totaling $8 million have leveraged an additional $6 million in business owner investment.
To hear the stories of Trail Town businesses who have borrowed from The Progress Fund or to learn more about loan options please visit The Progress Fund’s borrowers page or contact our loan officers directly. Our Commercial Loan Officer, Tracy Ulewicz, is available at (724) 216-9160 Ext. 320, and will be happy to talk with you about your business plans.