Small Business Loan Programs – MetroAction, Inc

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Areas Served: Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, Susquehanna, Wayne and Wyoming counties

Since 1997, MetroAction has been committed to providing flexible small business loans to start-up and expanding small businesses in northeastern Pennsylvania.

MetroAction is one of the only non-profit organizations in northeastern Pennsylvania authorized to provide microloans to small businesses through the U.S. Small Business Administration (SBA) and through the U.S. Department of Agriculture (USDA).

Loan Programs MetroAction specializes in working with people who cannot borrow from a bank due to lack of business experience, credit history or insufficient collateral.

– STEP Loan Program $250 – $2,500 – Small Business Loan Program $2,501 – $75,000 – Small Business First Loan Program up to $200,000 or 50% of project costs Who Is Eligible? There is no typical MetroAction client.

Our clients have all encountered similar obstacles to accessing small business financing – no credit history, damaged credit or needing a loan that does not meet the bank’s criteria.

And, in today’s economic climate, MetroAction is helping businesses that never had a problem getting bank financing in the paSt. We fund all types of small businesses – from pre-start up to existing.

MetroAction’s clients range from child care providers to restaurants and retail businesses to manufacturers and agricultural businesses.

MetroAction is the right fit for small business owners who: – Have a credit score of at least 500 – If you’re not sure what your credit score is, use MyFico’s Credit Score Estimator to get a free credit score estimate.

You can also obtain a free copy of your credit report once each year by using AnnualCreditReport.

com.

There is a small fee to get your credit score, though.

If you need help repairing your credit, we recommend you contact Consumer Credit Counseling of NEPA.

– Have not have declared bankruptcy in the past 12 months – Have not had any late rent or mortgage payments in the past 24 months – Are up-to-date on all bills – Exhibit steady cash flow and the ability to support monthly loan payments – Can provide a cosigner, if needed Service Area MetroAction primarily services nine counties in northeastern Pennsylvania, including Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, Susquehanna, Wayne and Wyoming.

However, some of our programs can fund businesses in any Pennsylvania county.

Contact Information
MetroAction, Inc
Address: 222 Mulberry Street
City: Scranton
State: Pennsylvania

Website: http://www.metroaction.org/loans.html

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