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Metro Action

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One S. Church Street, Suite 200, Hazleton, PA 18201      
570.455.1508   570.454.7787    

 

logo metroactionnewMetroAction 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). They are certified by the United States Department of Treasury and accredited by the Commonwealth of Pennsylvania as a Community Development Financial Institution (CDFI).

  • Small Business Loan Program
  • Luzerne County Small Business Loan Program

Funding Details:

Use of Loan Funds Funds can be used for working or start-up capital, to purchase or upgrade equipment, increase inventory, renovate a business and much more! Our funds cannot be used for personal use.
Amount $2,500-$75,000
Interest Rates Range from 7.00% – 8.79%, fixed for the term of the loan.
Terms Up to 5 years. No prepayment penalty.

Funding Details:

Use of Loan Funds Funds can be used for working capital, real estate acquisition and construction, equipment purchases and upgrades, environmental compliance, and pollution control and prevention. Only Businesses located in Luzerne County are eligible for this loan program.
Amount $2,500-$100,000
Interest Rates U.S. Treasury with a 10 year maturity plus 1% and is fixed on the date of closing.
Terms Up to 10 years. No prepayment penalty.
Eligibility Criteria
  • Have a credit score of at least
  • Have not have declared bankruptcy in the past 24 months
  • Have not had any late rent or mortgage payments in the past 12 months
  • Are up-to-date on all bills
  • Exhibit steady personal and or business cash flow and the ability to support monthly loan payments
  • Can provide a cosigner, if needed

 

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