Small Business Financing Scranton PA

Looking for Small Business Financing in Scranton? We have compiled a list of businesses and services around Scranton that should help you with your search. We hope this page helps you find Small Business Financing in Scranton.

Mr. Timothy C. Rose, CFP®
(570) 961-7700
111 N. Washington Ave.
Scranton, PA
Firm
Morgan Stanley

Data Provided By:
Jude R. Mcdonough, CFP®
(570) 290-7394
1700 N Keyser Ave
Scranton, PA
Firm
First Liberty Investment Services
Areas of Specialization
Asset Allocation, Banking, Human Resources, Retirement Income Management, Retirement Planning, Small Business Planning, Sudden Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Robert T. Phillips, CFP®
(866) 317-4716
330 Montage Mountain Rd
Scranton, PA
Firm
MSSB

Data Provided By:
Mr. Bryan A. Kupchik, CFP®
(570) 587-7800
285 East Grove Street
Clarks Green, PA
Firm
LPL Financial - Capstone Wealth Management Group

Data Provided By:
Kristofer T Harrison, CFP®
(570) 586-1064
3 Abington Executive Park
Clarks Summit, PA
Firm
Northeastern Financial Consultants, Inc.
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Planning, Wealth Management, Young Professionals
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000



Data Provided By:
Mr. Perry J. Rose, CFP®
(520) 346-7979
224 Wyoming Ave Ste 300
Scranton, PA
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning, Investment Management, Investment Planning

Data Provided By:
Mr. Kevin P. Kelly, CFP®
(570) 340-7726
32 Scranton Office Park
Scranton, PA
Firm
Prudential Financial
Areas of Specialization
Asset Allocation, Business Succession Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning

Data Provided By:
Mr. Thomas J. Fiorelli Iii, CFP®
(570) 487-1983
1548 Main Street
Peckville, PA
Firm
tfiorelli@ae.cadaretgrant.com

Data Provided By:
Mr. Eugene W. Long, CFP®
(570) 357-4093
409 S Abington Rd
Clarks Green, PA
Firm
Cadaret Grant & Company
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Mr. Jon T. Flynn, CFP®
(570) 876-5000
845 Scranton / Carbondale HWY
Eynon, PA
Firm
Flynn Financial, LLC
Areas of Specialization
Investment Management, Retirement Income Management

Data Provided By:
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Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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