The Progress Fund: Financing and supporting businesses in the PA Wilds and beyond
Elk County | Elk Country of the Pennsylvania Wilds
The Progress Fund is a non-profit Community Development Financial Institution (CDFI) that is focused on providing flexible financing to new or expanding tourism-niche businesses.
Providing services across Pennsylvania, West Virginia and Maryland, The Progress Fund is headquartered in Greensburg, PA. Since 1997, it has financed accommodations, attractions, entertainment, farms, outdoor recreation, restaurants, retail, service business, wine and spirits makers and other small businesses. Through these investments and support, the organization also encourages job creation, historic preservation, diverse business ownership, local agriculture and trail-based development.
The organization lends money for the purchase of real estate, purchase of business equipment, building remodeling/restoration, working capital to cover operating expenses, and more.
As a CDFI, The Progress Fund is able to offer flexible financing that can be structured to meet each borrower’s unique needs, including flexible collateral requirements, competitive interest rates, seasonal interest only payments, etc. It can work with Local Development Districts, banks, chambers, Economic Development Corporations, Industrial Development Corporations, etc., or act as a sole lender in a project.
Learn more about The Progress Fund or leave a review/recommendation on the organization’s Wilds Cooperative of PA profile here.
RECENT WCO MEMBER SPOTLIGHTS
- PennWest Clarion SBDC: Empowering entrepreneurs to build successful businessesThe PennWest Clarion Small Business Development Center (SBDC) is located within the PennWest Clarion University campus, right in the I-80 Frontier landscape of the Pennsylvania Wilds and just a short drive from Cook Forest and the Ancients.
- Hygrade Inn: The Makings of a Memorable Stay in the PA WildsThe Hygrade Inn is nestled in Cameron County, located on the edge of the Dark Skies and Elk Country Landscapes of the PA Wilds. Built in 1880, the home that houses the Hygrade Inn has been a fixture on the tree-lined Main Street of Emporium for well over a century.
- Sugar Mama’s Appalachian Maple: Producing one-of-a-kind sweet treats with maple syrupRachel Courtney is the owner of Sugar Mama’s Appalachian Maple. Her interest in maple production was piqued at a young age after having a positive and delectable experience hanging out with a local maple producer.