• Skip to primary navigation
  • Skip to main content
  • Skip to footer
The Progress Fund

The Progress Fund

The Progress Fund

  • (724) 216-9160
  • Ask about a loan today
MENU
Hide Search
  • Home
  • Loans
    • Small Business LoansThe Progress Fund provides financing from $20,000 to over $1,000,000 to people who are starting, expanding or buying small businesses.
    • Get Loan ReadyLet us help connect you to the right resources to grow your business.
    • Ask About a LoanExplore your loan options.
    • Resources for EntrepreneursOur small business experts can help you plan your business start-up or a new type of venture.
    • FAQFind answers for commonly asked questions about us, how to apply for a loan, our loans, and technical assistance.
    • Application FormsContact us first before submitting the forms.
  • Borrowers
    • Browse Borrowers
    • Explore Borrower Map
  • Stories
  • About
    • About UsThe Progress Fund provides financing and business coaching to help people like you to grow businesses and create jobs for the region.
    • StaffThe Progress Fund staff combine lending experience with dedication to help small business owners.
    • ImpactsThe Progress Fund makes a difference.
    • Praise by OthersWe have provided financing to help people grow their businesses. Learn what people are saying about us.
    • Board of DirectorsOur Board of Directors combines experience and dedicated community service.
    • History and AwardsThe success of our work has brought notoriety and awards for community development impact.
    • Our SupportersWe rely on financial support of state and federal agencies, private foundations, and commercial banks.
    • Community DevelopmentWe have been creating opportunities along the Nation’s Trails since 2007 as well as redeveloping key properties in key communities.
    • The West Newton StoryCommunity development loans and real estate developments projects have supported the start-up and expansion of small businesses that are changing the future of the community.
    • EmploymentView our current job openings.
  • Contact
  • 724-216-9160
  • Display Search
Home Borrowers Accommodations Ohiopyle Memories, LLC dba Mill Run Inn

Ohiopyle Memories, LLC, dba Mill Run Inn

Location:

100 Stewarton Road
Mill Run, PA

County:

Fayette

Description:

Business purchase loan

Total Project Cost:

$295,000

The loan officer has to see the vision of what we’re trying to do.  We’re looking for partners who want to help us grow this business and The Progress Fund was a good pick for us.

Pamela Kruse, co-owner of Ohiopyle Memories, LLC, dba Mill Run Inn.

People

How often do you get a shot at buying a beautiful country house in an accessible location a few minutes from a UNESCO World Heritage Site?  Between them, Pam Kruse and Jessica Sherbondy already owned Falls City Market in Ohiopyle, plus 16 rental properties.  But when a longtime bed & breakfast went on the market, they had to have it.  “It’s just right beside Fallingwater,” says Pam.  “Now you have my full attention.”  That For Sale sign wouldn’t last.  “It’s now or never.”

Progress

The two had borrowed from The Progress Fund before, but this time they “threw a pretty wide net,” exploring numerous financing options, says Pam.  “It just so happened that The Progress Fund had the best offer by far.”

Impact

Now called the Mill Run Inn, the property caters to Fallingwater visitors, but guests get vouchers for breakfast at the Falls City Market.  That links the Frank Lloyd Wright masterpiece to the cycling and rafting hub just four miles away.  The new owners encourage their guests to check out the host of other Laurel Highlands attractions within 20 minutes drive of the inn.  Fallingwater “was a day trip,” says Pam.  “Now you’re going to stay in this area for a week.”

More Accommodations Stories

Accommodations

Previous borrower Dale’s Place, LLC
Next Borrower ASCEND Youngstown

Signup for our eNewsletter

See the latest news on our borrowers, stay up to date on events and more.

Privacy Policy

Footer

  • Home
  • Small Business Loans
    • Ask about a loan
    • Application Forms
    • Resources for Entrepreneurs
  • FAQ
  • Our Borrowers
    • Browse Borrowers
  • The Progress Fund Stories
  • About Us
    • Staff
    • Impacts
    • Praise by Others
    • Board of Directors
    • History and Awards
    • Our Supporters
    • Community Development
    • The West Newton Story
    • Employment
  • Contact Us
The Progress Fund

Main Office

724-216-9160
425 W Pittsburgh St
Greensburg, PA 15601-2211

Connect With Us!

  • Follow us on Facebook
Copyright © 2023 The Progress Fund. All Rights Reserved.
This institution is an equal opportunity provider and employer. | Sitemap | Privacy Policy | Website by DDS
Scroll Top of Page