MetroAction manages multiple loan programs.

If you are interested in applying for the Lackawanna County COVID Recovery Loan Program, please click this link:
COVID Recovery Loan Program
If you are not located in Lackawanna County and would like to apply for small business financing, please send an e-mail to: Our team will respond to your request and forward an application link for financing.

The Application Process

Step 1: If you are ready to apply for a loan, click the button above that reads “APPLY NOW”.

This link will take you to a link to a Pre-Qualification form. The pre-qualification form allows our team to pre-screen candidates to ensure they are eligible to apply for a loan. Once the pre-qualification is submitted, our team will review the information submitted and notify the applicant via e-mail if they are pre-qualified to apply and the amount that they can apply for. This typically happens within 48 hours.

Step 2: Once your application is pre-qualified, our team will e-mail you a copy of the loan application. This application asks for information that needs to be completed for our team to complete its review of the application. This information includes pertinent information as it pertains to your business as well as financial projections. Additionally, you may be asked to submit supporting documentation. Examples of supporting documentation include, but are not limited to tax returns, licenses, contracts, etc.

If you need assistance completing the loan application, our team can provide guidance, or you can schedule an appointment with a local Small Business Development Center (SBDC) for assistance.

Step 3: Once your loan application is submitted, our team will review the information and start the underwriting process. If additional information is needed, our team reach out to the applicant. Once underwriting is completed, the application will be reviewed by our loan review committee.

Step 4: If the application is approved by the loan committee, the applicant will be issued a commitment letter. This letter will outline the terms of the commitment and identify any additional information that may be required prior to closing.

If the application is NOT approved by the loan review committee, the applicant will be notified as to the decision and the reason for the declination.

Step 5: Once a signed commitment letter and any additional required documentation is received, the application will move to closing.

Generally, the loan process can take from 30-60 days to complete. This is a GENERAL estimate and may take longer based on the specific circumstances associated with the loan application.