Small Business and Community Development
MetroAction, the small business and community development arm of The Greater Scranton Chamber of Commerce, provides MicroLoans to small business in northeastern Pennsylvania that do not have access to traditional sources of credit. Covering Carbon, Lackawanna, Luzerne, Monroe, Pike, Susquehanna, Wayne and Wyoming counties, MetroAction, a nonprofit Small Business Administration (SBA) lender, is northeastern Pennsylvania’s leading provider of small business loans and comprehensive business training.
Since 1997, MetroAction has provided over $2.8 million in small loans to more than 200 entrepreneurs such as child care providers, restaurants, retail businesses, manufacturers and agricultural businesses and has trained and counseled hundreds of entrepreneurs. The economic impact of MetroAction’s programs is substantial, both in meeting the short-term needs of the small business and in the long-term difference in the community. These programs and resources help create jobs, increase the availability of quality child care and foster the entrepreneurial spirit that our region is known for.
For more information about MetroAction, visit www.MetroAction.org.
The Scranton Industrial Development Company (SIDCo)
The Scranton Industrial Development Company (SIDCo) is a community oriented financial organization administered by the Greater Scranton Chamber of Commerce. SIDCo is managed by its officers and directors who are elected from the local financial and business communities.
SIDCo was established in 1914 to promote the interests of small business. Today, the organization still works to encourage both the development of small business and the creation of jobs in the community. SIDCo continues to serve the Lackawanna County region by providing short-term working capital loans to local businesses.
For nearly a century, SIDCo has been contributing to a healthier economy by providing area businesses with nearly $5.4 million in financial assistance. Loans of up to $75,000 with terms of up to 5 years can be obtained.
Also, special façade improvement loans of up to $25,000 at a fixed rate of 5% with terms up to 5 years are available to qualified candidates that wish to improve the exterior of their facility.
If a business owner is experiencing short-term cash flow needs, he/she may be eligible for the SIDCo loan program. Anyone interested in the SIDCo loan program can contact Jim Coleman at (570) 342-7711 ext. 122 or by e-mail at jcoleman@scrantonchamber.com. | 
