Delivered through FHLBank Pittsburgh members, Banking On Business (BOB) funding helps eligible small businesses that lack sufficient equity or cash flow meet lending standards. Funding is:
On average, each BOB dollar FHLBank Pittsburgh contributes leverages $6 in financial resources to small businesses in the region.
FHLBank Pittsburgh members benefit from BOB in a variety of ways:
BOB funds may be used in financing the startup or expansion of a small business, including:
All grants are in the form of recoverable assistance with specific repayment terms. Each transaction must meet the following guidelines: