Bridgeway capital - PA FY25 award

Summary

Bridgeway Capital Inc. received a $242,572 Project Grant from the U.S. Small Business Administration's Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025, through June 30, 2026. As an intermediary lender and Community Development Financial Institution (CDFI), Bridgeway Capital will utilize this funding to support marketing, management, and technical assistance services for microenterprise development across western Pennsylvania, eastern Ohio, and northern West Virginia. The grant specifically funds activities to support prospective and current microborrowers, including business training, financial counseling, and staff development for the organization's lending operations.

The Microloan Program grant enables Bridgeway Capital to expand access to capital and business development services for underserved entrepreneurs, including women, minorities, low-income individuals, and other economically disadvantaged populations. Through this award, the organization will continue its core mission of providing microloans up to $50,000 for working capital, inventory, equipment, and related business purposes while delivering comprehensive technical support to support successful microbusiness development and economic revitalization in underserved communities.