The Progress Fund got it. They understood what we want to accomplish, and they understood the potential of what this is going to be. They've been incredibly supportive. This remarkable region has a history of boom and rust. In 1997, we saw a new direction. Natural beauty, outdoor recreation, and small town charms could be the raw materials that revitalize communities through tourism.
We've provided financing and business coaching to help people like you to grow businesses and create jobs for the region. The results include better than 610 loans totaling more than $85.8 Million plus 5,323 created or retained jobs, and counting. With help from foundation, state and federal sources, we've built a nonprofit Community Development Financial Institution capable of lending in Pennsylvania, West Virginia and Maryland.
We've provided financing and business coaching to help people like you to grow businesses and create jobs for the region. The results include better than 610 loans totaling more than $85.8 Million plus 5,323 created or retained jobs, and counting. With help from foundation, state and federal sources, we've built a nonprofit Community Development Financial Institution capable of lending in Pennsylvania, West Virginia and Maryland.
Services
Loans
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The Progress Fund provides financing from $20,000 to over $1 million to people who are starting, expanding or buying small businesses. Can be used to purchase property, restore and rehabilitate buildings, purchase inventory or equipment, buy the assets of an existing business, and for working capital.
Resources for Entrepreneurs
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Marketing Assistance: We can help you to participate in regional marketing efforts and announce events to the media. Referrals: We steer you to Small Business Development Centers, county and local development associations, and other resources. We've built businesses and will share our experience, plus bring top small business pros on board.
Faq
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We are a non-profit organization. Our mission is to help small businesses grow and create the new jobs that people want throughout Pennsylvania, West Virginia and Maryland. Commercial banks have very different motivations so some very good entrepreneurs are unable to get a loan from the banks they approach.
Staff
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Focus, experience, and maybe a little fun is what makes The Progress Fund a top development organization. Our staff combine breadth of lending experience with dedication to help small business owners. David has 38 years of professional experience in economic development activities. He is co-founder of The Progress Fund and has been its Chief Executive Officer since its inception in 1997.
Impacts
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Since its inception in 1997, The Progress Fund has made 610 loans totaling more than $85.8 Million to 375 small businesses helping to create or sustain over 5,323 jobs. The Progress Fund has also provided more than 32,557 hours of entrepreneurial coaching and helped rehabilitate over 125 historically significant buildings which have been focal points for community redevelopment efforts.
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