At a glance
From its website, read 2 Nov 2026Progress Fund, The is a loan fund based in Greensburg, Pennsylvania. Its website describes small-business loans. Stated loan amounts run from $5,000. Where it lends: Pennsylvania, West Virginia and Maryland. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (724) 216-9160 source |
|---|---|
| Apply online | Page with the application link |
| Website | www.progressfund.org |
| Office (official list) | 425 West Pittsburgh Street, Greensburg, PA 15601 |
What their website says about applying
to send a message, or call (724) 216-9160.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | Typically, new businesses are charged interest rates of 6% and up. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral required
Loans require collateral of either cash or hard assets.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 24 Jun 2026 |
| RSSD ID | — (none listed) |
| Address | 425 West Pittsburgh Street, Greensburg, PA 15601 Directions (Google Maps) |
| Website | www.progressfund.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan details come from the About Us and FAQ pages; no dedicated loan product page was fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-business loans | from $5,000 | We provide loans from $5,000 to over $1 million. | source |
Loan sizes
We provide loans from $5,000 to over $1 million.
source
Range used for the size filter: $5,000 to not stated
Service area
Pennsylvania, West Virginia and Maryland
We serve Pennsylvania, West Virginia and Maryland.
source
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Where is the application form?
source
Pages read (7)
- https://www.progressfund.org/
- https://www.progressfund.org/about-us/
- https://www.progressfund.org/about-us/staff/
- https://www.progressfund.org/about-us/our-supporters/
- https://www.progressfund.org/small-business-loans/faq/
- https://www.progressfund.org/about-us/praise-by-others/
- https://www.progressfund.org/about-us/the-west-newton-story/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What is the largest loan you make?
Their website gives a minimum ($5,000) but no maximum. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$21.2 million in 16 awards from the U.S. Treasury's CDFI Fund, 1998–2024 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
| 2022 | CDFI Equitable Recovery Program | $4,050,422 |
| 2022 | CDFI Program, Financial Assistance | $560,000 |
| 2021 | CDFI Program, Financial Assistance | $500,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2019 | CDFI Program, Financial Assistance | $650,000 |
| 2016 | CDFI Program, Financial Assistance | $1,347,000 |
| 2015 | CDFI Program, Financial Assistance | $1,653,000 |
| 2014 | CDFI Program, Financial Assistance | $2,000,000 |
| 2013 | CDFI Program, Financial Assistance | $1,347,000 |
| 2012 | CDFI Program, Financial Assistance | $1,453,806 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $2,000,000 |
| 2002 | CDFI Program, Financial Assistance | $250,000 |
| 1998 | CDFI Program, Financial Assistance | $535,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $61.7M |
|---|---|
| Total liabilities | $12M |
| Net assets | $49.6M |
| Total revenue | $4.5M |
| Notes and loans receivable, net (Part X line 7) | $20.8M |
| Program-related investments (Part X line 13) | $7.2M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 31-1598881, filed as “PROGRESS FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $54M | $42.6M | $2.6M | $17.5M |
| Dec 2022 (990) | $57M | $46.7M | $5.6M | $18.8M |
| Dec 2023 (990) | $61.7M | $49.6M | $4.5M | $20.8M |
Total assets grew 14% from Dec 2021 to Dec 2023; notes and loans receivable rose 19%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $61.7M | Larger than 83% of the 24 other certified loan funds and venture funds in Pennsylvania with a matched Form 990 (median $8.4M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Pennsylvania | 24 | larger than 83% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Greensburg and Pennsylvania
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