Charleroi Borough has several financial institutions in Downtown or adjacent to its downtown. You can find their contact information at our web site in the business directory. In this section are some additional resources to consider.

Bridgeway Capital Loans

Bridgeway Capital, headquartered in Pittsburgh, Pa., with an office in Uniontown, makes western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization. As a nonprofit lender founded in 1990, Bridgeway serves 15 counties and manages $60 million in capital. It is a market- driven, private sector intermediary with a social mission. Bridgeway is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department, and is also a Certified Development Company (CDC) under the SBA 504 program. Bridgeway works just outside the margins of mainstream finance to provide opportunities and access to capital to small businesses and non-profit organizations.

For More Information:

Reid Smith
724-425-0330 or

2 West Main Street, Suite 135
Uniontown, PA 15401

Kiva Zip Loan Program

Kiva Zip is a nonprofit organization that supports entrepreneurs with no-interest microloans up to $5,000 that are crowd funded on their website ( Kiva Zip is unique because it evaluates a borrower’s credit worthiness based on their character and network instead of their credit score, cash flows, and financial history. Loans are crowd funded on the Kiva
Zip website from thousands of lenders around the world who can be potential customers, brand ambassadors, and advocates for your business.

To Apply:

Visit and familiarize yourself with the website. To begin the application process you first fill out a short form on the website about yourself and your business. Then you complete a more detailed loan application. You will then need to be endorsed by a “trustee.” The trustee has no financial liability for loans, but their reputation is tied to the repayment rate of
the borrower they endorse. After approval and endorsement you will have 15 days to invite the required number of lenders from your own network. The number of lenders required varies with the amount of the loan requested. After you have invited your lenders, your loan will be made visible to the Kiva Zip lenders for 45 days via their website.

Small Business First Loan Fund

The Pennsylvania Department of Community and Economic Development (DCED) provides the Small Business First Loan Fund. The purpose of the loan is to provide low interest financing for land and building acquisition, construction, renovation, machinery, equipment purchases and upgrades (including installation costs), working capital needs, and environmental compliance/pollution prevention. For a limited time all loans are offered with a fixed rate of 1.75%. Applicants are required to have 100 or fewer employees.

To Apply:

Contact Southwestern Pennsylvania Commission
412-391-5590 and for more information visit

The Progress Fund

The Progress Fund is a nonprofit community development financial institution that offers
loans and business guidance to new or existing small businesses. The Progress Fund, located in Greensburg, PA, focuses on tourism specific businesses because tourism offers unique opportunities for many underserved communities. The fund has helped a range of businesses including restaurants, bed & breakfasts, small inns and hotels, outdoor outfitters, bicycle and canoe rentals, gift shops, clothiers, coffee shops, general stores, local food producers, wineries and spirit distillers, small-scale manufacturers and professional service firms.

To Apply:

To obtain more information about applying for a loan
from The Progress Fund, visit or contact them at 724-216-9160.

Progress Fund’s Office
425 West Pittsburgh Street
Greensburg, PA 15601

Washington County Main Street Loan Program

Washington County Council on Economic Development offers the Main Street Loan Program.
The loan proceeds may be used to establish a new business or to assist in the acquisition, operations, or expansion of an existing business. The maximum loan size is $250,000 with a 10-year interest term at prime plus 6% for the first five years. A reset of the interest
rate to prime plus 6% in month 61 allows the business to continue the loan or seek other finance options. The Council has limited funds available to write down the loan to a rate of prime plus 1% for the first 60 months in downtown Charleroi!

To Apply:

Contact April Cacia at The Washington County Council on Economic Development

273 South Main Street
Washington, PA 15301

Phone: 724-225-8245
Fax: 724-225-8202


Washington County Redevelopment Authority Incentive Loan Program

This loan is designed to provide incentive for existing businesses to relocate to Washington County, PA. The minimum loan amount is $100,000 and maximum amount is $500,000. To qualify, applicant’s capital investment must be a minimum of $5,000,000 in the project for which financial assistance is being requested.

To Apply:

Visit, click the Economic Development tab, then click the City of Washington Business Incentive Programs tab on the left. Once on the Business Incentive Programs webpage you can find the Redevelopment Authority Incentive Loan application. Once the application is completed, it needs to be sent to Courthouse Square, Room #603, 100 West Beau Street Washington, PA 15301.

For more information:

Contact Bob Griffin at 724-228-6875

Washington County SBA Microloan Program

The Washington County Council on Economic Development (WCCED) is offering SBA microloans to aid in the creation and growth of new and expanding small businesses. The microloans are designed for start-ups and small businesses looking to expand. Loans are available in amounts ranging from $5,000 to $50,000 and terms of repayment range from one to six years.

To Apply:

First, contact April Cacia at The Washington County Council on Economic Development

40 S. Main Street-Lower Level
Washington, PA 15301

Phone: 724-225-8245
Fax: 724-225-8202


Then request the Microloan Application Package. The package includes an application, business plan, and credit check authorization. Once completed, submit the package to WCCED.