• 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 Restaurants Subway at 101 South Water Street

Subway at 101 South Water Street

Location:

101 South Water Street
West Newton, PA

County:

Westmoreland

Description:

Real Estate Development Initiative

Total Project Cost:

The Progress Fund: $627,831 Subway: $194,899

Visit Online:

www.subway.com

People

As a cyclist, Rich Kaminsky learned “every pebble and every pothole” of the riverfront trail that revived West Newton. But even as he and his partners built 22 Subway restaurants, he couldn’t figure out how to get one into the town that sits a hunger-inducing 35 miles from Pittsburgh. Available locations “either didn’t have parking or wouldn’t have visibility,” says Rick. Then, in the window of a former tavern at the corner of Water Street and Main, he saw a sign, reading: “For Rent, The Progress Fund.”

Progress

The Progress Fund sees West Newton as a key point on the Great Allegheny Passage, and has pumped up its trail economy through loans and strategic property redevelopment. With funding from the Richard King Mellon Foundation, The Progress Fund bought and renovated 101 South Water Street, opening up views of the Youghiogheny River and the trail.

Impact

“I’ve been on that trail. I know what you need,” Rick says. A place to fill your sport bottle. Fresh food. Bathrooms. A bright, familiar sign could lure cyclists across the century-old truss bridge into the heart of town. The Progress Fund rented him the first floor, with conditions. His design needed to integrate the tin ceiling and historic storefront, and, for his 23rd restaurant, he adopted the franchise’s classiest décor. “You do want that,” he says, “when you get this kind of view out the window.”

View Story as PDF
More Restaurants Stories

Restaurants

Previous borrower The Hotel Lancaster
Next Borrower 125 Jefferson Court

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