Lending & Capital
The foundation of any successful venture is built in part by a sound financial framework. Our regional partners have developed and assembled a number of financial 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 guide you through the process. To get started with a free assessment, please contact The Greater Scranton Chamber of Commerce.
- The Angel Network
The Angel Network is a group of affiliated investors who meet periodically to review business plans and who are interested in providing early-stage financing to regional start-up businesses.
- Ben Franklin Technology Partners
Investments from $25,000 – $150,000
For a start-up company to move from concept to successful commercialization, it takes marketing ingenuity, sound legal advice and accounting expertise. It also takes seed funding. BFTP has helped start new technology companies and can help yours too.
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. MetroAction provides flexible small business loans to start-up and expanding small businesses.
- 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 $2,500 – $100,000
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.