MaGC(Manufacturing Growth Cooperative) Fund
Catalyst Connection and Bridgeway Capital have partnered to create the Manufacturing Growth Cooperative Fund or MaGC Fund. This is a unique program that makes working capital funding available for loan to manufacturers in Allegheny County only. Many of the barriers and restrictions of similar loans have been removed or reduced to make it easier for an applicant to receive funds. Some of the benefits of this MaGC Fund include:
- Full Loan Funding on a Single Application
- Match Funding Not Required
- Quick Turnaround Time
- Job Creation Not Required
- Competitive Rate
The MaGC Fund has two products available. The MaGC Capital Fund loans money for working capital between $100,000 and $250,000.
The MaGC Express Fund is available for smaller working capital loans between $35,000 and $100,000.
Catalyst Connection is located in Pittsburgh, PA and provides support and resources to small and medium-sized manufactures in Southwestern Pennsylvania. In addition to training and consulting offerings, Catalyst is proud to provide a full range of financial resources including loans and assistance applying for federal and state funding.
Bridgeway Capital, also located in Pittsburgh, provides capital and education opportunities to entrepreneurs and small businesses to increase jobs and ignite economic growth across western Pennsylvania. With a blend of entrepreneurial vision, regional knowledge and operational expertise, Bridgeway Capital focuses on making western Pennsylvania a thriving region for all.
For any questions, contact Art Tintori, Director of Financial Services at (412) 918-4221.
Click here to view and print the MaGC Fund Application