What is The Progress Fund?
The Progress Fund specializes in providing creative and supportive small business loans, with financing options ranging from $20,000 to over $1,000,000. Established in 2007, the organization is dedicated to empowering individuals looking to start, expand, or purchase small businesses. They offer tailored financing solutions coupled with essential business coaching, aiming to foster entrepreneurial growth and stimulate job creation within the communities they serve. Their investment focus encompasses a variety of sectors, including tourism, local foods, and outdoor recreation, highlighting a commitment to diverse economic development.
How much funding has The Progress Fund raised?
The Progress Fund has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in The Progress Fund
PPP
Public-Private Partnership
What's next for The Progress Fund?
With the recent influx of $150K in strategic investment, The Progress Fund is well-positioned to further enhance its lending capabilities and expand its reach. This capital infusion is expected to fuel the company's mission of supporting small business ventures, potentially leading to increased loan volumes and broader geographic coverage. The focus on tailored financing and business coaching will likely remain central, as The Progress Fund continues to drive community development and economic vitality through entrepreneurship.
See full The Progress Fund company page
