SBA 7(a) Loans in Scranton, PA
Find lenders offering sba 7(a) loans in the Scranton, including Wilkes-Barre, Hazleton, and surrounding areas. Compare rates, terms, and programs from 98 lenders.
SBA 7(a) Lenders Serving Scranton
98 lenders offering sba 7(a) loans in the Scranton, PA area.
First Commonwealth Bank
Local SBAIndiana, PA
Pennsylvania-based community bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves small businesses across Pennsylvania and Ohio.
First National Bank of Pennsylvania
Local SBAGREENVILLE, PA
One of the oldest banks in the U.S., offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves businesses across Pennsylvania, Ohio, Maryland, and surrounding states.
Firstrust Savings Bank
Local SBACONSHOHOCKEN, PA
Conshohocken, Pennsylvania-based bank offering SBA 7(a) loans, commercial real estate, and business banking. Family-owned bank serving the greater Philadelphia area since 1934.
Quaint Oak Bank
Local SBASouthampton, PA
Southampton, Pennsylvania-based community bank offering SBA 7(a) loans, commercial real estate, and residential lending. A growing community bank serving businesses in the greater Philadelphia region.
Fulton Bank, National Association
Local SBALANCASTER, PA
Lancaster, Pennsylvania-based regional bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves businesses across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia.
Meridian Bank
Local SBAMALVERN, PA
Hyperion Bank
Local SBAPhiladelphia, PA
Univest Bank and Trust Co
Local SBASouderton, PA
Customers Bank
Local SBAMalvern, PA
The Honesdale National Bank
Local SBAHONESDALE, PA
Ambler Savings Bank
Local SBAAMBLER, PA
Enterprise Bank
Local SBAALLISON PARK, PA
Mid Penn Bank
Local SBAMillersburg, PA
QNB Bank
Local SBAQUAKERTOWN, PA
PS Bank
Local SBAWYALUSING, PA
Scranton Commercial Real Estate Market
Scranton's commercial real estate market has shifted from its legacy coal-mining economy to one driven by warehouse and distribution operations, healthcare, and higher education. The I-81 corridor through Lackawanna and Luzerne counties has attracted major logistics operations, including facilities for Chewy, Amazon, and TJX Companies, as distribution tenants seek lower land costs relative to the Lehigh Valley and northern New Jersey. Downtown Scranton has seen modest revitalization through historic tax credit projects converting former commercial buildings into mixed-use properties, with the University of Scranton serving as a key urban anchor. The Wilkes-Barre adjacent market adds scale, with the Mohegan Sun Pocono casino-resort and Wyoming Valley Mall submarket generating hospitality and retail demand.
Key Economic Drivers
- ●I-81 industrial corridor attracting e-commerce and third-party logistics distribution centers
- ●Geisinger Health System and Commonwealth Health regional hospital networks
- ●University of Scranton, Marywood University, and Wilkes University providing institutional demand
- ●Mohegan Sun Pocono and Poconos tourism driving hospitality property investment
Market Insight
The Scranton-Wilkes-Barre market offers warehouse rents and land costs that are 30-50% below the Lehigh Valley, making it an increasingly attractive option for logistics operators willing to locate slightly farther from the New York metro area.
SBA 7(a) Loans in Scranton, Pennsylvania
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Scranton metro area, borrowers can access 98 lenders offering SBA 7(a) financing, including Wilkes-Barre, Hazleton, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who Should Consider SBA 7(a) Loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
Key Requirements
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
SBA 7(a) Loans in Other Pennsylvania Cities
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