BUSINESS FINANCING

The Scranton Enterprise Center staff will work with prospective or existing entrepreneurs to match them with the business financing program that best suits their needs.

MetroAction

MetroAction provides MicroLoans to small businesses in northeastern Pennsylvania who do not have access to traditional sources of credit. Covering Carbon, Lackawanna, Luzerne, Monroe, Pike, Susquehanna, Wayne and Wyoming counties, MetroAction, a nonprofit Community Development Finance Institution (CDFI), is northeastern Pennsylvania’s leading provider of small business loan and comprehensive business training.

For more information, visit www.MetroAction.org or call (570) 341-0270.

Scranton Industrial Development Company (SIDCo)

SIDCo is a community oriented financial organization administered by the Greater Scranton Chamber of Commerce. SIDCo provides short-term working capital loans of up to $75,000 to local businesses that are unable to obtain financing through conventional means. SIDCo provides loan terms up to 60 months in length.

For additional information on the SIDCo loan program, contact:

James F. Coleman
Vice President, Finance
The Greater Scranton Chamber of Commerce
222 Mulberry Street
Scranton, PA 18503
PH: 570-342-7711
E-Mail: jcoleman@scrantonchamber.com

Venture Capital Financing

Scranton Enterprise Center Business Incubator staff will work directly with its tenants to identify sources of venture capital financing. It is an active participant and partner in the Northeastern Pennsylvania Venture Partnership.

The Northeastern Pennsylvania Venture Partnership, is a joint entrepreneurial initiative between Hazleton, Scranton and Wilkes-Barre, designed to grow new business ventures in Northeastern Pennsylvania and develop our entrepreneurial culture, expertise and infrastructure.

For additional information on the Northeastern Pennsylvania Venture Partnership visit www.nepaventurepartnership.com.