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Community Loan Fund of Southwestern Pennsylvania, Inc.
Pittsburgh PACDFI Awards for Community Loan Fund of Southwestern Pennsylvania, Inc.
FA (2009) - $2,000,000
Bridgeway Capital, Inc. is a certified CDFI established in 1990. It operates three loan programs: Growth Capital loans, microloans, and U.S. Small Business Administration (SBA 504) loans. Bridgeway Capital’s lending serves low-income residents of western Pennsylvania by extending credit to new and growing small businesses. It will use its FY 2009 Financial Assistance award to increase lending in its target market.
FA (2008) - $1,000,000
Bridgeway Capital, Inc (formerly known as Community Loan Fund of Southwestern Pennsylvania) is a certified CDFI in operation since 1990 and serves 15 counties of southwest Pennsylvania, including the city of Pittsburgh Bridgeway Capital will use its FY08 Financial Assistance award of $1,000,000 as financing capital and loan loss reserves for its Growth Capital product.
FA (2007) - $600,000
Community Loan Fund of Southwestern PA, created in 1990, is a certified CDFI working with low-income residents in western Pennsylvania. It provides loans and development services to small manufacturers and other small businesses, helping increase job opportunities. The Community Loan Fund will use its FY07 Financial Assistance FA grant to expand its “Growth Capital” loan portfolio. This loan product provides financial support to technology companies that create and retain jobs in the target market.
FA (2006) - $585,000
Community Loan Fund of Southwestern Pennsylvania, Inc. (CLFSP) of Pittsburgh, PA is a business loan fund established in 1990. CLFSP provides loans and technical assistance to manufacturing companies to improve competitiveness in today"s economy. CLFSP will use a 2006 Financial Assistance Award of $585,000 to expand its Growth Capital Loan product.
CORE (2001) - $2,000,000
The CDFI Fund grant of $2,000,000 will be used to expand its existing financing activities.
SECA (1999) - $48,400
CLF will use the technical assistance grant for technology consulting services and staff training.
CORE (1998) - $1,250,000
With the help of the CDFI Fund, CLF will expand its products and technical assistance services to support the growth of job-creating small and medium manufacturing firms in lowincome neighborhoods throughout Pittsburgh. By focusing on manufacturing, the awardee hopes to create higher-paying, family wage jobs.
CORE (1996) - $280,000
As a small start up institution, the $250,000 grant from the CDFI Fund -- along with nearly double that amount in private matching funds -- will increase the loan funds net worth by a multiple of six. Such a healthy infusion of capital will enable the Community Loan Fund of Southwestern Pennsylvania to significantly expand its services and enhance a new initiative to stimulate entrepreneurial activity in a depressed region.
Other Community Development Financial Institutions in Pennsylvania
American Street Financial Services Center
Philadelphia
Beech Capital Venture Corporation
Philadelphia
Berean Federal Savings Bank
Philadelphia
Borinquen Federal Credit Union
Philadelphia
Commonwealth Cornerstone Group
Harrisburg
Community First Fund
Lancaster
economic opportunities fund
philadelphia
Enterprise Center Capital Corporation, The
Philadelphia
Housing Opportunities, Inc.
Homestead
Impact Loan Fund, Inc.
Philadelphia
Landmarks Community Capital Corporation
Pittsburgh
MetroAction Inc.
Scranton
Mon Valley Initiatives
Homestead
Murex Investments, Inc.
Philadelphia
National Community Capital Association
Philadelphia
New Horizons Community Federal Credit Union
Philadelphia
New Life Credit Union
Philadelphia
Northside Community Development Fund
Pittsburgh
Philadelphia Commercial Development Corp
Philadelphia
PIDC - Regional Development Corporation
Philadelphia
PNC Community Partners, Inc.
Pittsburgh
Progress Fund, The
Dawson
Reading"s Future, LLC
Reading
Reinvestment Fund, Inc., The
Philadelphia
Rising Tide Community Loan Fund
Bethlehem
Rural Enterprise Development Corporation
Bloomsburg
Technical Resources, Inc.
Philadelphia
Tri County Community Loan Fund
Uniontown
United Bank of Philadelphia
Philadelphia
Universal Capital Investment Fund, Inc.
Philadelphia
West Philadelphia Financial Service Institution
Philadelphia
Women and Families Facilities Fund
Philadelphia
Women"s Opportunities Resource Center
Philadelphia
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