The Progress Fund

The Progress Fund

SBA News Release

Today, the SBA put out a News Release, #25–51 that mentions The Progress Fund.  Disappointingly, their statements about us were false, and rather than praise us for the small business lending we do throughout rural Pennsylvania and West Virginia, they named us as a target for the Administration’s distain of lenders supporting environmental projects undertaken by small business owners.

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Home The Progress Fund Stories Stories About Us Phase 2 begins at former Riverside Lounge in West Newton

Phase 2 begins at former Riverside Lounge in West Newton

The second phase of renovations to the former Riverside Lounge along South Water Street in West Newton should begin this week, with extensive renovations planned for the interior of the two-story brick building to make it suitable for leasing this fall, the Greensburg-based nonprofit owner said.

The Progress Fund, the Greensburg-based community development lender that bought the former tavern at 101 S. Water St., signed a remodeling contract with Bella Construction Company of White Oak on Monday and work will be under way this week, said William Prince, coordinator of the Progress Fund’s Trail Town Program. Prince said he met with the contractor and the project architect, Landmark Design Associates Architects of Pittsburgh, this week to discuss the job.

“That building is a key component of development on that (east) side of the river,” said Aaron Nelson, president of Downtown West Newton Inc., a nonprofit community development organization. Read the full article.