The Progress Fund
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Progress Fund · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311999 | All Other Miscellaneous Food Manufacturing | 1 | $90K | $90K | 100.0% |
Geographic Distribution
SBA lending activity for The Progress Fund by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1 | $90K | 100.0% |
Why Choose The Progress Fund?
Based on SBA 7(a) lending track record from 2011-2011
- ✓Proven Track Record: 1 SBA loans approved, totaling $90K in financing
- ✓Industry Expertise: Specialized focus on All Other Miscellaneous Food Manufacturing
- ✓Competitive Terms: Average interest rate of 7.00% with flexible term lengths averaging 96 months
- ✓Loan Range: Loan sizes from $90K to $90K, with an average of $90K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in PA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The Progress Fund SBA lending
What types of businesses does The Progress Fund typically finance?
The Progress Fund specializes in SBA 7(a) lending to specific industries including all other miscellaneous food manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Progress Fund's typical SBA loan terms?
The Progress Fund's SBA 7(a) loans typically feature an average interest rate of 7.00% and average term length of 96 months (approximately 8 years). Loan sizes range from $90K to $90K, with an average loan size of $90K.
Do I need a business valuation for a The Progress Fund SBA loan?
Yes, The Progress Fund typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The Progress Fund compare to other SBA lenders?
The Progress Fund has originated 1 SBA loans totaling $90K since 2011. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The Progress Fund lend in?
The Progress Fund provides SBA 7(a) financing with particularly strong presence in PA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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