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Saving Loan Investment Programs Microlending Pennsylvania Treasury
About the PA Treasury
 

Small businesses, which employ about half of Pennsylvania’s workforce, are critically important to the state’s economy. Too often, though, small business owners must resort to high-interest credit cards for financing because they are too small for consideration by traditional banks.

Treasurer McCord launched the Micro-Lending Investment Initiative in 2010 to fill this financing gap, so more small businesses owners can start-up or expand their dream endeavor – creating even more jobs in the process.

Under the initiative, the McCord Treasury has allocated $10 million to eligible Community Development Financial Institutions (CDFIs) across the state. Treasury’s investment, at a market-based rate of return, fills a critical need in the marketplace and will enable these CDFIs to increase their investment in local businesses and strengthen their communities.

Learn more... | Watch the video clips 1 | 2 | 3 | 4 | 5

To apply for a loan, please contact the participating CDFIs: 

Greater Berks Development Fund

201 Penn Street, Suite 500                                   
Reading, PA 19603                                           
610-376-6739
http://readingpa.com

Bridgeway Capital

707 Grant Street, Suite 1920                            
Pittsburgh, PA  15219                                      
412-201-2450                                      
www.bridgewaycapital.org

Community First Fund

P.O. Box 524 30 West Orange Street                
Lancaster, PA  17608-0524           
717-393-2351                               
www.commfirstfund.org

Finanta

1301 North 2nd Street                                           
Philadelphia, PA  19122     
267-236-7000                                      
www.finata.org

The Progress Fund

425 West Pittsburgh Street                              
Greensburg, PA  15601    
724-216-9160                                       www.progressfund.org/main.htm

Please note that the Pennsylvania Treasury does not make direct loans to small businesses.


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