Something doesn't look right!

It appears you don't have JavaScript enabled. For the best viewing experience, please enable JavaScript in your browser.

News Archives

Restaurant Evolutions

Restaurants are a cornerstone of the tourism economy, a key focus of The Progress Fund since its inception in 1997.  Investments in restaurants have transformed southwestern Pennsylvania into a food destination.  The pandemic infected nearly every business, but restaurants face particularly stark prognoses. Click here to learn more about The Trailside Cafe, Piazza Talarico and The Eastwood Inn that cooked … Continue reading

Booze n’ Cups

“Makers” create great things with their hands.  But creative thinking by Red Pump Spirits and American Mug & Stein enabled them to shift gears during the pandemic and thrive.  Their resilience is a great lesson in small business management.  It’s worth reading at NEXTpittsburgh.

Family Vacation Time

As the old saying goes…“A family that travels together stays together.” In the case of the Kruse family, instead of traveling, they are buying vacation homes in the Laurel Highlands and giving other families great places to stay-and-play.  Their Mountain Getaways put you in the center of the best of what the Laurel Highlands has to offer. The Progress Fund … Continue reading

You deserve the “Best”!

May we suggest that you reward yourself for all your troubles in 2020 with a taste of Pittsburgh’s BEST. Millie’s Homemade Ice Cream and Riley’s Pour House are recent winners in the City Paper’s 2020 Reader Poll.  You deserve some of their goodness for all you’ve gone through in 2020. Yes, both of these “Winners” are borrowers of The Progress … Continue reading

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

They sky is the limit for two businesses that we just helped get off the ground.

Bravo Charlie Aviation is a scenic airplane ride company based in Fayetteville, WV.  For their adventurous customers, flying over the New River Gorge is an once-in-a-lifetime thrill.  We helped the first pilot/owner to expand his operation many years ago.  At his suggestion, the newest pilot/owner came to The Progress Fund for a loan to purchase the popular business and its … Continue reading

A small manufacturer in North Braddock, PA

Our mission is to help people, and recently it was a “Peoples”, in this case to Mr. Ben Peoples’ expanding business in North Braddock, PA…”Ben Peoples Industries”. (Yes that was a silly sentence, but this occurrence doesn’t often happen, just had to do it.) The playful story goes on, because Ben stripped down an old Strip Club.  Read on   … Continue reading

Related Project: Ben Peoples Industries, LLC