$1,052,000 Awarded to The Progress Fund

The U.S. Department of the Treasury announced the seventh and final wave of funding provided through the Small Business Lending Fund. The Progress Fund was awarded $1,052,000 to provide loan capital to small businesses in rural areas of southwestern Pennsylvania. The Progress Fund was one of 51 certified Community Development Financial Institutions (CDFIs) to receive an award. Click here to read the full release from the CDFI Fund.