Access to capital is an extremely important aspect of starting a business. Financing can help you to purchase necessary equipment, hire new employees, and scale your business at the pace and volume you’d like. The IGNITE Program is unlike traditional business incubation programs – we do not take equity in your business. Instead, we will connect you to a network of investors, financial institutions, and grants programs that educate you on various options, empowering you to craft the financing strategy that is best for your business goals.
Our resources:
Ben Franklin Technology Partners
Investment, loan, and grant funding
MetroAction
Small business loans and business development assistance
Pennsylvania Industrial Development Authority (PIDA)
Low-interest loans and lines of credit
PEDFA Bond Financing Program
Cost-effective financing through issuing and selling bonds
Research and Development (R&D) Tax Credit Program
Apply for approval to sell R&D tax credits to buyers
Keystone Innovation Zone (KIZ) Tax Credit Program
A tax credit incentive program available to for-profit companies less than eight years old in specific targeted industries and the boundaries of a Keystone Innovation Zone (KIZ)
Small Business Administration
Funding programs including loans, capital, disaster assistance, grants, and more
Lackawanna County
Grant and loan opportunities
City of Scranton
Loans, grants, and tax credits
Local banks and credit unions
IGNITE and The Greater Scranton Chamber of Commerce can help connect you to a number of local institutions offering lending for small businesses