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 delivering services in a way that is understanding of the cultural, social, and language challenges some of its clients encounter. This approach is unique and allows FINANTA to help more socioeconomically challenged 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 20 years of entrepreneurial expansion, affordable homeownership, consumer borrowing, and community development. Over the last 20 years, FINANTA’s loan portfolio has come to reflect the diversity of contemporary Philadelphia – from immigrant, family-run micro-enterprises, to real-estate developers and cutting-edge designers, and to nonprofits.