Lending & Capital
The foundation of any successful venture is built in part by sound a sound financial framework. Our regional partners have developed and assembled a number of programs and products to support entrepreneurs from inception. Our team will assess your current needs and work with you to identify the best financial partner to work directly with.
To get started with a free assessment, please contact Amy Luyster, Scranton Plan Administrator, at (570) 342-7711.
- Ben Franklin Technology Partners
Loans from $25,000 – $150,000
For a growing business to continue it’s momentum, it take a variety of expertise. It can also require funding. BFTP helps business in Lackawanna County and beyond create highly paid, sustainable jobs by linking companies with experts, universities, funding, and other resources to help them prosper through innovation.
Loans from $1,000 – $75,000
MetroAction’s small business loan, small business assistance and business training programs are tailored to meet the specific needs of start-up and expanding businesses in northeastern Pennsylvania. As of June 30, 2014, MetroAction has deployed over $6 million in loans to small businesses. Our loan program has created and retained hundreds of jobs within our community.
- NEPA Alliance
Loans from $5,000 – $5.5 million
NEPA Alliance administers 10 revolving loan programs to assist businesses with very attractive financing rates. The objective is to provide financing to help small business create as well as retain jobs and attract additional investment from banks and other sources of private and public funding. NEPA also provides micro-loans to start up and emerging small businesses. Loans range from $5,000 to $25,000.
NEPA Alliance Business Finance Corporation (NEPA BFC) is a Certified Development Corporation (CDC) to administer the SBA 504 Loan Program which provides market based, fixed rate, long term, subordinate financing.
- Office of Economic and Community Development (OECD)
Loans from $25,000 – $250,000
The Office of Economic and Community Development (“OECD”), a self-sufficient department, acts as the grants administration arm of the City of Scranton. OECD identifies grant programs that could provide sources of support for a variety of community and economic development initiatives and aggressively pursues these funds. Your business may be eligible for financial assistance through this program.
- Pennsylvania DCED
Loans from $200,000 – $2.25 million
The PA Department of Community and Economic Development (DCED) provides funding for growing business to cover costs for land and buildings, machinery and equipment and working capital to name a few. Pennsylvania is built to advance, and the DCED is here to help you.