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News Archives

Monday Briefing on COVID-19 Response Loans

The Progress Fund remains open for business, of course with precautions, due to our status as a Life-Sustaining business providing non-depository financial services to small businesses. This has enabled us to operate at full-throttle and help our borrowers access loans from both the new Paycheck Protection Program from SBA and the COVID-19 Working Capital Access program (now closed to new … Continue reading

Good News for Small Business

Monday Morning update on Paycheck Protection Program… Before the SBA opened the Paycheck Protection Program (PPP) just this past Friday, program details were few and changing by the hour. Small business owners were trying to understand, and our staff were getting ready. The purpose of this email is to let you know that the PPP application process is working for … Continue reading

COVID-19 Payment Relief

To help The Progress Fund’s borrowers during the business crisis tied to COVID-19 concerns, The Progress Fund has halted automatic withdraws from borrower’s accounts and will not send out invoices for the month of April 2020. Every small business owner we know is concerned about the ramifications of the business shut-downs that have been suggested or ordered.  To immediately help … Continue reading

Location, Location, Location

Silver Shores Restaurant on Conneaut Lake was named one of the “10 Restaurants You’ll Want to Eat At in 2020 in Pennsylvania”. The Progress Fund is proud to be their lender since 2017, when the current owner purchased the 90-year-old favorite watering hole. Silver Shores has a “Golden” location, set between State Routes 6 & 322 out the front door, … Continue reading

Related Project: Silver Shores Restaurant