FINANTA is committed to supporting entrepreneurs and first-time homeowners with financial education and lending services that match the ever-changing needs of their families and businesses.
Our individualized technical assistance and financing solutions provide our clients — often under- or unbanked individuals — with the means to build credit and develop economic self-sufficiency over time. With 15 years experience as a Community Development Financial Institution (CDFI), we have successfully lent $32.7 million to nearly 350 customers in the City of Philadelphia, helping to create and retain over 1,100 jobs. We are a certified intermediary lender for the Small Business Administration’s (SBA) Microloan Program, and have lending programs sponsored by the PA Treasury Department. FINANTA is also an approved participating lender for the Pennsylvania Housing Finance Agency’s (PHFA) home purchase program, which has helped us expand our lending programs and make a greater impact in our communities.
Mission
Our mission is to promote the growth and economic expansion of diverse Philadelphia communities through the infusion of capital and provision of business consultation services and homeownership counseling.
History
FINANTA was created in 1996 by a group of concerned community entrepreneurs and local leadership wishing to address a demand for business financing that was not being met by the local banking industry. These volunteers worked together to develop the concept and the mission, and one year later we opened for business with a fully bilingual staff providing financial services in both English and Spanish. Then called the “American Street Financial Services Center”, FINANTA was at the center of the American Street business revitalization effort following a capital infusion of seven million dollars from the Philadelphia American Street Empowerment Zone. The first loan was funded in November 1997 to a local recycling business, spurring FINANTA’s 15-year long dedication to supporting business growth and community development throughout the City of Philadelphia.
Make a Donation
We invite you to join us in our mission to advance economic success throughout Philadelphia’s diverse communities. Please click on the donate button below to make a tax-deductible donation to our 501(c)(3) corporation, or feel free to send your donations directly to our Philadelphia office to the attention of Luis Mora. We thank you for your support!
