NEPA SBA Microloan
NEPA will administer the loan section of this program for the seven county Northeastern Pennsylvania Region. The loan eligibility requirements for this 
program are outlined as follows:
Type of Business
Eligible businesses include entrepreneurs, business start-ups and existing small businesses with less than 25 employees are the targets of this loan program.
Maximum Loan Amount.$5,000 to $20,000. Average loan size is expected to be $10,000.
Interest Rate.The current interest rate on this loan program is 9.25%. Rates are fixed from loan approval until the loan is repaid.
Repayment Schedule--The repayment duration for machinery and equipment is three to five years, working capital is two to three years and leasehold improvements is five years.
Loan Program Requirements.
Business Plan - All applicants are required to submit a fully completed and documented Business Plan with any loan application. Small Business Development Centers at the University of Scranton/Wilkes University are available to assist in the development of a business plan at no cost to the individual business.
Location - The project must be located within the seven Pennsylvania counties of Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne.
Other Criteria. Collateral and personal guarantees as well as assignment of Life Insurance are required
Fees. Legal fees.