Auma Actuators, Inc.
Auma Actuators, Inc.
Canonsburg, PA

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

Equipment, software/hardware, or working capital, Training and Catalyst Connection Engagements

Term

Up to 7 years

Rate

6% Fixed

Fees

$250 non-refundable application fee, credited to origination fee at closing
1% of loan amount origination fee (may be financed)
1% of loan amount closing fee which covers all credit, lien search and other reports, attorney's fees, filing/recording fees and other out-of-pocket closing costs. (may be financed)

Application Proccess

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