Funding & Resources

Financial Assistance Available for Small Businesses

Local Resources

Lackawanna County Grant Programs

Lackawanna County’s Office of Economic and Community Development has several grant programs available for Lackawanna County small businesses. Click here to visit their web site and look for the “County Grants” blue box on the right side.

City of Scranton Small Business Loan to Grant Program (HUD) (Added 1/23)

This federally funded gap loan program was developed to enhance job creation by providing assistance to businesses including start-ups, existing, or those looking to relocate to Scranton. As per the U.S. Department of Housing and Urban Development (HUD) guidelines, borrowers must create one full-time equivalent job for every $35,000 borrowed. If job creation and guidelines are met, the loan can transfer to a grant, with no repayment necessary.

Eligible uses of funds: inventory; procurement of machinery, furniture, and equipment; and working/operating capital. Available funding: $35,000 = $40,0000. Funding dependent on Job Creation Guidelines. For more information, email Tiffany Cross-Luciani at tcluciani@scrantonpa.gov.

City of Scranton American Rescue Plan Act (ARPA) Grants (Added 10/22)

The City of Scranton has been awarded a total of $68.7 million in ARPA funds to respond to the COVID-19 public health emergency and its economic impacts. Scranton City Council approved ARPA funding to be made available as grants to community organizations, nonprofits, and small businesses that have faced economic hardship resulting from or exacerbated by the pandemic.

Small Business Facade Improvement Grants

  • Grants up to $10,000 for exterior improvement
  • Must be located in eligible areas of Scranton
  • 25% match from business owners
  • Work with partners across the City: NeighborWorks, Scranton Tomorrow, and UNC
  • Apply by 9/20/23

Small Business Startup and Expansion Grants

  • Up to 25% of new or growing business costs
  • Grants of up to $100,000
  • Funding is first-come, first-served
  • Must be located in eligible areas of Scranton
  • Business must have less than 50 employees
  • Apply by 10/31/23

Click here for more information on City of Scranton American Rescue Plan Act (ARPA) Grants.

City of Scranton Micro-Grant (Added 2/22)

The CDBG Small Business Micro-Grant Program is for new or early-stage businesses located in Scranton’s low-moderate-income demographic areas (LMA) and will supply funds ranging from $2,500 to $5,000 per business through the 2022 year to assist with start-up costs. Businesses must be in a qualifying Low-to-Moderate service area within the City of Scranton (click here for map). Click here for more information or email Tiffany Cross-Luciani in the City of Scranton Office of Economic and Community Development.

MetroAction COVID Recovery Loan Program (Added 1/22)

The Lackawanna County Recovery Loan Program has been created to provide capital to businesses impacted by the COVID-19 pandemic. The program is administered by MetroAction, a non-profit affiliate of the Greater Scranton Chamber of Commerce. Funding for this program was provided by Lackawanna Industrial Fund Enterprises (LIFE), Lackawanna County, and the Commonwealth of Pennsylvania.

To review eligibility requirements, terms, and rates please review the program guidelines at www.metroaction.org. Loans will be funded on a first-approved, first-funded basis until funding is exhausted.

Wayne County Economic Growth Fund

The Wayne County Commissioners, in partnership with Wayne Economic Development Corporation (WEDCO), are excited to present this funding option for business development; The Wayne County Economic Growth Fund. This fund provides grants for undertaking activities that encourage and support economic growth and job creation. Through this program, businesses may be awarded a grant up to $5.000 for eligible projects or up to $10,000 for the purpose of paying eligible loan fees. The grants have private investment match and job creation requirements. For more information, click here.

State Resources

Small Business Advantage Grant (Added 10/22)

Offered through the Pennsylvania Department of Environmental Protection, the purpose of this grant is to provide small businesses in Pennsylvania with grant funds for projects that increase energy efficiency, reduce pollution, or protect our waterways. Many different types of small businesses, from manufacturing to retail to agriculture, may be eligible for funding under this program.  Funding is awarded first-come, first served so interested applicants should act fast! Click here for more information.

Creative Entrepreneur Accelerator Program Grants

The Creative Entrepreneur Accelerator Program is a new program funded by the Pennsylvania Council on the Arts (PCA), a state agency under the Office of the Governor, and administered regionally by the Pennsylvania Partners in the Arts (PPA), PCA’s statewide network of re-granting partners. Click here for more information or email Leigh Fennie at The University of Scranton SBDC, a participating referral partner.

Creative Business Loan Fund

In partnership with Bridgeway Capital and Community First, the Pennsylvania Council on the Arts is pleased to announce the launch of the Creative Business Loan Fund. This fund makes available $2.2 million in the form of affordable, flexible financing to small, creative businesses across the commonwealth. Click here to learn more.

Federal Resources

Economic Injury Disaster Loan (EIDL) (Added 7/2023)

As you may be aware there are several ongoing disaster declarations within Eastern PA. While EIDL is available; in general these are working capital loans to help small businesses and have different requirements than the prior COVID EIDL (expired).

EIDL Credit Requirements:

  • Credit History – Applicants must have a credit history acceptable to SBA.
  • Repayment – Applicants must show the ability to repay the loan.
  • Collateral – Collateral is required for all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but SBA will require the borrower to pledge collateral that is available.

SBA also continues to offer other funding options for small businesses including traditional SBA loans.

Paycheck Protection Program (PPP)

The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. Click here for more information.

COVID-19 Information for Small Businesses

Helpful Tools

Our Network & Partners

Checking on your Disaster Loan Status

  • Paycheck Protection Program Loan
    Contact your lender.
  • SBA’s Economic Injury Disaster Loan
    If you have already submitted an application for an SBA Economic Injury Disaster Loan (EIDL) as a result of the Coronavirus Pandemic, your request will be processed in the order it was received and you will be contacted once a decision has been reached. The SBA Disaster Customer Service Center is available to answer questions. Please have your loan application number available to expedite your inquiry.
    Call: 1-800-659-2955 or (TTY: 1-800-877-8339)
    Email: DisasterCustomerService@sba.gov

Items to gather as you prepare for obtaining financial assistance

  • Business financial records, tax returns, equipment/contents, employee information, etc.
  • Insurance policies, inventory and asset lists, client/customer information, profit and loss statements, etc.
  • Important Numbers: Your accountant, insurance agent, banker, SBDC Consultant, etc.

We’re here to help. Contact us today to set up a time to discuss your small business needs.

SBDC Business Consultants are available to assist existing clients as well as take on new clients and referrals.Current SBDC Clients should reach out directly to their SBDC Business Consultant.

New requests for for-profit small business assistance can reach out to us as follows:

Please continue to reach out to The University of Scranton SBDC for small business assistance or to refer your clients or customers.