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


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