The Accelerating Business Expansion Loan (ABEL) Program is part of Invest PGH’s strategy to promote opportunities for groups who have not had ready access to business financing for moderate expansion activities in the City of Pittsburgh, including minority- and women-owned businesses.

  • We help

    Existing businesses that want to expand

    People who have insufficient collateral for traditional loans

    People with credit history concerns

    Unfortunately, we are unable to provide assistance to activities such as speculative real estate businesses, check-cashing facilities, used car lots, and others.

  • Loan terms

    Minimum loan amount of $30,000

    Maximum loan amount of $150,000

    Fixed interest rate of no more than 7%

    Term of up to five (5) years for capital and up to seven (7) years for equipment

  • Fees

    $350 application fee, which is non-refundable and due upon submission of application. This fee can be used for applicant’s equity requirement

    No closing fees

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