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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

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

147 years old and getting better everyday (especially yesterday) at their new visitors center

At 147 years old, Straub is the newest place to go.  Yesterday, Straub Brewery opened its first ever tasting room and tap room.  Until now, visitors to the Brewery could only sample the beloved beer from Straub’s famous “Eternal Tap” which is a fun experience, standing there in the middle of the Brewery operations, but it lacks a little…in particular … Continue reading

Related Project: Straub Brewery Inc.

Always a hero

Many of us familiar with Pennsylvania’s outdoor recreation industry know Eric Martin and his company, Wilderness Voyageur Outfitters of Ohiopyle. What began as a typical June workday for Eric made him a “Hero”. Hearing emergency vehicles converging on the river, Eric went to help rescue two women from high water on the Yough.  This December, Eric received the prestigious Carnegie Medal Hero award … Continue reading

Passing the baton

PART SIX – Our entrepreneurial summer series has taken us to B&Bs, distilleries, trails, docks, restaurants, climbing gyms and ice cream shops.

If you’re pumped to take on your own business, then we’re thrilled.
If, on the other hand, we’ve got you pondering retirement, we get that, too. Either way, our sixth and final episode has exactly what you’re looking for. Continue reading

Doubling down can pay off big

PART FIVE – We’re at that point in our entrepreneurial summer when the days are so long and bright that you’d almost think they’ll never end. When a small business owner finds that the line of customers just doesn’t end, it may be time to open a second location. In week five of our series, we’ll find out that doubling down can pay off big – but the days are long, and not always in a perfect way. Continue reading