Skip to content
Image of a white flag
No matter what your business needs, we are here to help.

The URA offers a variety of financing products for small- and medium-sized business development and commercial real estate development. These are gap financing products that work in conjunction with private equity and private debt to help your business close the financing for your business growth and expansion.

Our team also works with a large network of technical assistance providers and partners to help your business start, improve, and grow.

For more information on any these programs, please contact Lynnette Morris at

Avenues of Hope Commercial Real Estate Program (ACRE)

We're offering long-term financing with no payments due for 20 years. 

No prepayment penalties. Ever.

  • We offer loans from $50,000 - $200,000.
  • Make a bigger impact at a lower cost because our interest rate is fixed at 1%.
  • We prioritize your impact by offering low transaction fees.

Every project is unique, so let's start the conversation together! To get started, please contact Lynnette Morris at

Learn more


Childcare Reinvestment Business Fund

Provided by Invest PGH, the Childcare Reinvestment Business Fund (CRiB) is a forgivable loan pilot program designed to sustain and stimulate the growth of new and existing child care businesses in the City of Pittsburgh



Minority Business Recovery & Growth Loan Fund

Made possible by PNC and the City of Pittsburgh, the Minority Business Recovery & Growth Loan Fund provides access to capital, up to $100,000, for existing minority-owned businesses inside the City of Pittsburgh that are recovering from COVID-19 or growing. 

Learn more


Pittsburgh Business Fund (PBF)

Financing up to $500,000 for small- and medium-sized businesses for working capital, real estate, equipment, and leasehold improvements.

Program Details

  • Loan Amount: $30,000 - $500,000.00
  • Interest Rate: 5.5%
  • Length of Loan: 5 years for working capital, 7 years for equipment,10 years for leasehold improvements, and up to 20 years for real estate
  • Fees:
    • Application fee: $350 
    • Due Diligence: 3% of the total URA loan  
    • Loan Servicing: .5% of the total URA loan
    • Construction Inspection: .5% of the total URA loan if URA financing is applied towards construction costs. If the construction inspection is provided by a private lender, no URA construction inspection fee is required.
    • Filing with Commonwealth of PA and County: All filing fees will be the responsibility of the applicant (i.e., Mortgages, UCCs, Assignment of Leases and Rents).
    • Misc. Closing: If the URA is acting as a primary lender, additional fees for items such as appraisals, title insurance, etc., may be charged at closing.

Program Guidelines


Pittsburgh Entrepreneur Fund (PEF)

*This program is currently on hold and is not accepting applications.

This fund provides financing for new and growing emerging technology-based firms, including Technology, Life Sciences, Sustainable/Green and other emerging industry clusters for working capital, laboratory, computer and scientific equipment, leasehold improvements, real estate and investments to lower energy usage.

Program Details

  • Loan Amount: $50,000 - $200,000.00 (not to exceed 40% of round/amount being raised)
  • Interest Rate: 8% 
  • Length of Loan: 3 years 
  • Fees:
    • Application fee: $350
    • Due Diligence: 2% of the total URA loan

Program Summary

Program Guidelines

View our investment portfolio here.



What are the sources of funds for the URA's business loan programs?

Typically, our products are funded by Revolving Loan Fund (RLF) programs that were initially seeded by Federal Community Development Block Grants or funds from the Pennsylvania Department of Community and Economic Development. By utilizing RLFs, Commercial & Business Lending can re-lend its limited dollars several times to many different borrowers.

Why doesn't the URA have grant programs?

The URA has extremely limited dollars for unlimited business and community needs. In order to sustain our programs, we must utilize loan programs that will be re-paid in order to re-lend the funds to other borrowers. Additional funding resources can be found on

How do I start the application process?

Contact a URA lending analyst at 412.255.6669.

How long is the application, underwriting, and closing process?

The length of the process depends on the project. However, the URA is committed to working as quickly as the borrower and private lender are able to package, underwrite and close the financing. Typically, the process will take 30-90 days.

What is the URA's capacity to carry out these programs?

Our staff includes professional loan officers that have the same professional credentials as private lenders, engineers, legal staff, finance professionals, and professional management staff. We are uniquely qualified to handle your project professionally and responsibly.


In Q2 of 2021, the URA and Invest PGH:

  • Invested $3.3 M

  • Provided 21 loans/grants to small and local businesses

  • Assisted 199 businesses with wayfinding of resources


Success Stories

Smallman Galley

The URA provided a $150,000 loan to help fund the Strip District food hall and restaurant incubator to bring valuable business experience to aspiring chefs and restaurateurs.

Proud Company

The Proud Company provides manufacturers, utility companies and other industrial technology users with complete industrial automation services. It utilized $1.92 million in New Market Tax Credits, provided by the URA through Pittsburgh Urban Initiatives, to help finance its renovation of a 23,000-square foot facility in the West End.


Thread was established to engage in the circular economy, taking waste and recreating it into new, usable, wearable fabrics. The company has created jobs in Haiti, Honduras, and Pittsburgh. Thread received a Pittsburgh Entrepreneur Fund loan from the URA to assist in operations, including the creation of five new full time jobs in East Liberty.


TravelWits helps vacation-goers plan trips based on budget, transit options, parking rates, and hotel and flight costs by searching hundreds of options to provide a menu of trip packages that can be booked with limited planning and research. Based in Oakland, TravelWits received a Pittsburgh Entrepreneur Fund loan to hire three new software developers and a customer service representative.

Scroll Up