MaGC Capital Fund
Sufficient working capital is essential to every manufacturer. When a business is growing, cash for new inventory or employees can be tight. Catalyst Connection and Bridgeway Capital now offer access to the MaGC Capital Fund to help manufacturers manage their cash flow during times when their business needs are fluctuating.
Eligibility
Manufacturers in Allegheny County
Loan Limit$100,000 - $250,000
Use of Proceeds
Working capital
Term
3 to 5 years
Rate
6% Fixed
Fees
Application fee = $500
Origination fee = 1% of loan amount (may be financed)
Closing fee = 1% of loan amount(includes all credit, lien search, and other reports, attorney’s fees, filing/recording fees, and other out-of-pocket closing costs; may be financed)
Application Process
The MaGC Capital Fund requires your company to submit these documents with your loan application:
- Business and management history, capabilities and personal resumes
- A three year history of business financial statements, tax returns, accounts receivable and accounts payable
- Interim financial statements that are not more than 90 days old
- Income statement projections and cash flow projections for at least one year
- Personal financial statements and tax returns
- Loan related project description and anticipated benefits
- A complete itemization of project costs
For any questions, contact Art Tintori, Director of Financial Services at (412) 918-4221.
Click here to view and print the MaGC Fund Application
For loans less than $100,000, go to the MaGC Express Fund