FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers, and first-time homebuyers in the Philadelphia region.
FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer, and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social, and language barriers that growing immigrant and minority populations face.
In the mid-1990s, a group of community leaders in Lower Kensington, including entrepreneurs, gathered to address a growing concern – a demand for business financing unmet by the local banking industry. In 1996, FINANTA was founded. Offering bilingual services and strongly rooted in the community, it made its first loan to a local recycling company.
Since then, FINANTA has distinguished itself by addressing and meeting the cultural, social, and language needs of the customer base it serves. This approach is unique and allows FINANTA to help more individuals and families achieve financial self-sufficiency and stability.
The FINANTA Center at 1301 N. 2nd Street opened in 2009 as a hub for local economic development, business networking, and professional services, offering affordable office space-for-lease by entrepreneurs and nonprofits and acting as a business incubator for the local community and the Philadelphia region.
FINANTA has contributed to over 22 years of entrepreneurial expansion, affordable homeownership, consumer borrowing, and community development. Over the years, FINANTA’s loan portfolio has come to reflect the diversity of the contemporary Philadelphia region – from immigrant, family-run micro-enterprises, to real-estate developers and cutting-edge designers, and nonprofits.
FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and Kent, New Castle and Sussex Counties in Delaware.
FINANTA provides its services in collaboration with local community-based organizations seeking to facilitate access to capital and credit building services to those who need them most.