Financial Assistance & Resources Available for Small Businesses

Local

Scranton ARPA Arts Community Grants (Added 2/24)
The City of Scranton will offer $500,000 total in grants to artists and art organizations through a new application announced Thursday, Feb. 29, 2024. Grants are part of the City’s $68.7 million in American Rescue Plan Act (ARPA) funding. Grants open to artists, writers, performers, theater companies, and more. Awards of up to $45,000 per eligible applicant. Artists and organizations can find more information and apply online by

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, e-mail 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 e-mail Tiffany Cross-Luciani in the City of Scranton Office of Economic and Community Development.

MetroAction Loan Programs 
MetroAction loan products range in size from a minimum of $1,000 to a maximum of $100,000. Interest rate, term, and loan amount are determined by the funding source used for the loan. For more information, click here.

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

Small Business Advantage Grant
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. The application period will close when funding is exhausted or March 22, 2024, whichever occurs first.

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 e-mail 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

SBA-backed Loans
The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need. Click here to learn more. 

 


Helpful Tools


Our Network & Partners


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.