The Pittsburgh Business Growth Fund (PBGF) Program is designed to stimulate the growth of your businesses in the City of Pittsburgh. The PBGF provides market‐rate gap financing when the applicant is unable to fully finance the proposed project with equity, bank financing and other private and public financing.
The PBGF is part of the URA strategy to promote opportunities for those who have not had ready access to business financing, including minority‐ and woman‐ owned businesses.
The PBGF assists entrepreneurs and stimulates business growth in the City of Pittsburgh. This may include emerging technology based firms such as Information Technology, Life Sciences and Green/Energy and other innovation enterprises. The fund provides loans for working capital and related start up costs to early stage firms with high growth potential.
Who is eligible for this funding option?
Start up and growing businesses including emerging technology based firms such as Information Technology, Life Sciences and Green/Energy and other start up enterprises.
Range of funding:
$200,000 or up to 60% of total project cost. May include convertible debt.