The Progress Fund

The Progress Fund

SBA News Release

On May 19, the SBA put out a News Release, #25–51 that mentions The Progress Fund.  Disappointingly, their statements about us were wrong, and rather than praise us for the small business lending we do throughout rural Pennsylvania and West Virginia, they used our good name to suggest a false narrative about our participation in the Community Advantage Program.

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Home About Us Impacts

Impacts

We make a difference. Here’s our impacts to date.

$104.4

million of financing provided

423

small businesses helped

6,235

jobs created or retained

230

women-owned businesses helped

203

properties purchased and rehabbed

75%

of borrowers reported that they would not have been able to proceed without our support

Achievements

Since its inception in 1997, The Progress Fund has made 686 loans totaling more than $104.4 Million to 423 small businesses helping to create or sustain over 6,235 jobs. The Progress Fund has also provided more than 37,088 hours of entrepreneurial coaching and helped rehabilitate over 125 historically significant buildings which have been focal points for community redevelopment efforts.

We’ve backed adaptive reuse of historic structures like Kentuck Knob, a Frank Lloyd Wright designed home turned into a private museum. And consider the manufacturing jobs created when American Mug & Stein Co. won a huge order opportunity from Starbucks Coffee, thanks in part to The Progress Fund.

The Progress Fund is an equal opportunity provider and employer.