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The Progress Fund Stories

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

April Relief Payment

The Progress Fund was mentioned in the Tribune-Review article “Allegheny, Westmoreland groups offer help to region’s small businesses during tough time” published on Wednesday, March 18, 2020.  Read the full story.

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

“To Infinity and Beyond!”

Riley’s Pour House takes us to the top We are numbers people, numbers enable us to measure results. So, $75,000,000 is a big important number to us. With our recent loan to Riley’s Pour House in Carnegie PA, The Progress Fund has made over $75,000,000 loans to small businesses across Pennsylvania, West Virginia, Maryland and Ohio. The results from those … Continue reading

Related Project: Riley's Pour House