Tuesday, June 9, 2009

Alternative Financing Resource in Northeast PA

In this difficult economy, with credit being what it is, and access to capital at an all time low if your credit score is less than 700, there are options available which sit outside the realm of conventional financing, and allow you--the small business owner--an opportunity to obtain a loan for your company.

One such option is MetroAction's Micro Loan programs. If you haven't heard of MetroAction and you are unfamiliar with microlending, you may want to choose from the list of training sessions below, being offered over the next several weeks in various county locations, to learn more about the program and your opportunity for financing.

Here is the upcoming schedule:

Business Basics Seminar – East Stroudsburg: Thursday, June 11, 9:00 – 11:00 AM
Business Basics Seminar - Milford: Thursday, June 11, 2:00 - 4:00 PM

MetroAction will provide a free informative seminar designed to take the mystery out developing a successful small business. This program will review the steps needed to develop a successful business and link you to valuable resources to help you grow your business. Attendees will learn how small business loans work, what documents and information are required, and review the requirements to qualify for small business financing. The clinic will also explain about small business grants, what lenders look for, and how you can improve your chances of qualifying for a small business loan. The clinic is free but pre-registration is required.

The East Stroudsburg Program will be held at East Stroudsburg University. Visit www.MetroAction.org to register or call (570) 341-0270.

For more information on the Milford program location, please use the contact information above.


Financial Fitness Seminar – Honesdale: Thursday, June 25, 9:00 – 11:00 AM
Financial Fitness Seminar - Jim Thorpe: Tuesday, June 30, 10:00 AM-12:00 Noon
For many people, the critical path to financial independence is blocked not only by a lack of access to credit, but also by a lack of financial literacy. MetroAction will provide a free informative seminar designed to help individuals harness the power their credit and finances. MetroAction staff will share tips and tools on how to manage money by gaining a better understanding of your financial health, including understanding personal credit, developing a budget, what lenders look for, and how you can improve your chances of qualifying for a loan. The seminar is free but pre-registration is required.

The Honesdale program will be held at The Wayne County Chamber of Commerce, Honesdale. Visit www.MetroAction.org to register or call (570) 341-0270.

For more information on the Jim Thorpe location and program, use the contact information above.

MetroAction provides MicroLoans to small business in northeastern Pennsylvania that do not have access to traditional sources of credit. MetroAction services the counties of Carbon, Lackawanna, Luzerne, Monroe, Pike, Susquehanna, Wayne and Wyoming counties.

MetroAction spans some of the counties of The University of Scranton SBDC and the Wilkes University SBDC service territories. If you reside in, or are opening a business in the counties of Lackawanna, Monroe, Pike, Susquehanna, Wayne or Wyoming, you may contact the Scranton SBDC for assistance with your business plan and or other business needs. MetroAction staff members have spent time training both the staff of the Scranton SBDC and the Wilkes SBDC in the protocol and paperwork required by the microlending process. If you reside in, or are opening a business in the counties of Carbon or Luzerne, please contact the Wilkes University SBDC.

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