Recently, CL Fund received $5 million in new investments from PNC Community Partners, Inc. and National City Community Development Corporation.  With the new $4 million investment by PNC and $1 million from National City, CL Fund significantly increased its lending capital and will be able to have a greater impact on the regional economy.  CL Fund’s loans are designed to help increase small business growth across western Pennsylvania. 

 

“We are fortunate to have the support of PNC and National City through these investments,” said Mark Peterson, President of CL Fund. “With this new lending capital, we’ll continue to finance small business growth and help to transform the regional economy.”