The Progress Fund has just crossed a significant milestone in its growth. We have now made over $50,000,000 of loans to small businesses.
$50 Million is a big number and a major accomplishment for us. Back in 1997, some folks doubted our crazy new idea of helping tourism businesses to help the region. Starting our organization from scratch also added to our challenge. Then we expanded from nine Pennsylvania counties into four states.
Fast-forward to this past Friday, December 6, and it all makes obvious sense. The 427 loans we’ve made have helped businesses create or retain 3,143 jobs.
Our newest borrower, the one that launched us over $50 Million on Friday, is “Stage Right! School for the Performing Arts and Theatre Company“. With our help, “Stage Right!” bought a handsome old school building in Downtown Greensburg as their new practice and performance space.