Blog

December 14, 2009

Are You in a Credit Crunch?

Did you know that MetroAction offers loans up to $50,000 for small businesses that aren’t able to obtain bank financing?

Since 1997, MetroAction has helped more than 200 small businesses obtain over $2.8 million in financing.  We cover 8 counties in northeastern PA, including Carbon, Lackawanna, Luzerne, Monroe, Pike, Susquehanna, Wayne and Wyoming.

We’ve funded restaurants, child care providers, manufacturers, doctors, technology companies, attorneys and many other business types. In today’s economy, with banks tightening their credit policies, start-up and expanding small businesses are having a harder time finding the credit they need. What sets MetroAction apart from traditional sources of financing is our ability to be flexible when evaluating a loan request. Whether it’s slow cash flow, credit scores or collateral that is standing in your way, we may be able to help.

About MetroAction’s Loan Programs:

  • Terms: 2-5 years
  • Interest rates are fixed for the term of the loan
  • Funds can be used for working capital, equipment/inventory purchases, renovations, etc.
  • No pre-payment penalty
  • We service 8 counties in NEPA:  Carbon, Lackawanna, Luzerne, Monroe, Pike, Susquehanna, Wayne and Wyoming

MetroAction is an approved lender through the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA).

Visit our website for answers to frequently asked questions about our programs.  You can also apply online or download a Pre-Qualification Application.  For more information contact us at info@MetroAction.org or (570) 341-0270.

When banks can’t help…MetroAction can!  Call us today!