Last night FINANTA celebrated 20 years of mission-driven nonprofit lending at the SugarHouse Casino Event Center.

The event brought together major players in the Philadelphia community development culture, including funders from banks, nonprofit leaders, and small business owners. FINANTA president Luis Mora and Board chair Jane Sobieski spoke of the importance of FINANTA’s work:  that of providing access to capital and technical assistance to the Philadelphia regions underserved entrepreneurs, consumers, homebuyers, and job makers.

The evening was an amazing testament to the Philadelphia community’s commitment to an inclusive economy. The support of our partners, friends, clients, and funders is an invaluable asset to FINANTA. Without them, our work would not be possible.

Over the past two decades FINANTA has served hundreds of individuals seeking to expand their business, purchase a home, or increase assets. To these deserving clients, over $47 Million has been lent and 40,000 hours of technical assistance provided. In return, our clients have created or retained over 1,500 jobs, revitalized business communities through the city, and enriched the cultural fabric of our city. 

FINANTA recognized major partners and exceptional clients at the event. Find the Awardees picture below:

img_1834

PRECAPS group Los Cumplidos: Antonio, Augustina, Bienvenida, Julio, Miguel M., Miguel J., Yael

img_1838

PRECAPS group Woodland African Unity: Almamy, Ben, Djiba, Fanta, Makemeh, Mariama, Sita

img_1844

FINANTA Exceptional Clients: Carlos of Condor Limo Service, Miguel of ADCP, Patricia of NSCP, Santiago & Margarita of Lechonera Principe, Wilberto of La Primera Limo Service.

img_1848

Friends of FINANTA: Fernando of Solutions International, Franklin of La Actualidad Informativa, Herman of The Welcoming Center, Jennifer of GPHCC, Jimmy of GPHCC, Lisa of SKCP, Marilyn of Cruz Realty, Natalie Jackson of the City of Philadelphia.

img_1852

Partners of FINANTA: Julie of Santander Bank, Nelson of PNC Bank, Paige of TD Bank, Patricia of The Merchants Fund, Patrick of Wells Fargo Bank, Sharon of BB&T Bank, Stephanie of Wells Fargo Bank, Warren of Customers Bank

Welcome to the newly revamped www.finanta.org!

Our goal with the redesign was simple: create a website that better facilitates access to capital and technical assistance in the Philadelphia region. In this effort, we made addressing your particular need, whether it be capital or assistance, as accessible as possible.


Are you looking to Access Capital? Check out the PRODUCTS page

FINANTA provides business and consumer loans, residential mortgages, and micro-group lending to provide access to capital to the region’s job creators, community pillars, families, and entrepreneurs. Check out each product to find what form of capital best suits your needs. There is no credit minimum to borrow we take an in-depth and personalized view of your finances before determining a loan.

 

Are you looking for Technical Assistance? Check out the SERVICES page

In the services section of the website, youll find all those services we provide for our clients that boost financial literacy, stability, and self-sufficiency. Read about our one-on-one credit counseling that comes along each loan, or maybe homeownership counseling is more what you need. Either way, www.finanta.org/services is the place for you.

 

Follow the latest news and updates on our flagship BLOG. Well be posting client stories, exciting milestones, and well as informational resources for and from our partners and clients.

Our newly added resources page is your destination for quick financial guides and an interactive budget calculator.

Let us know what you think about the new website by commenting below, or emailing matinagranieri@gmail.com

 

COPY of the Press Release from the United States Small Business Administration 

The U.S. Small Business Administration certified FINANTA to expand its microbusiness technical assistance and loan making to Chester, Montgomery, Delaware, and Berks Counties in Pennsylvania.  FINANTA currently provides microlender services to entrepreneurs in Philadelphia, and in Bucks County through their partnership with the Womens Business Forum.  Finanta collaborates with ASSETS Lancaster in Lancaster, and LAEDA in Camden, New Jersey.    

FINANTA has disbursed over $4 million in business microloans to individuals and affinity groups, said Luis E. Mora Rechnitz, president of Finanta, with the SBAs microloan program we are excited to deliver financial products and services, including business loans, coaching, and technical assistance to the suburban counties surrounding Philadelphia.

Creating access to capital for Eastern Pennsylvanias small businesses is a very important role for the U.S. Small Business Administration, stated Tony Leta, director of SBAs Eastern Pennsylvania District. In SBAs efforts to help small businesses across the nation, SBA certified microlenders such as FINANTA play an important role as partners to provide capital with the provision of technical assistance and business consultation services to emerging entrepreneurs.

ServiceArea

FINANTAs dedication to serving the most underserved and economically disenfranchised markets, its innovative approach to peer lending… and its intensive focus on technical assistance activities embodies the essence of Jody C. Raskinds legacy a legacy of providing hope and opportunity to millions of people in this countrys most underserved markets
The U.S. Small Business Administration.

The Small Business Administration has awarded the “Jody C. Raskind Lender of the Year Award” to FINANTA. The Award is presented annually to a mission-driven lender that has demonstrated extraordinary commitment to the creation, growth, and expansion of small businesses in underserved markets with a demonstrable impact on the communities it serves.

FINANTA, a Community Development Financial Institution (CDFI), has served the Philadelphia region since 1996, and continues to empower residents and entrepreneurs through its lending and technical assistance services. FINANTA has distinguished itself by developing programs and services that are acutely conscious of the cultural, social, and language barriers many of its clients encounter. Over the past 20 years, our 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, as well as, other nonprofit corporations.

FINANTA supports entrepreneurs and promotes innovative social and civic ideas by providing access to capital and business consultation services, including technical assistance focused on financial education and credit building. This approach fosters a culture of entrepreneurship creating thousands of jobs and opportunities, encouraging investment in local businesses and neighborhoods, and making our region a dynamic hub for economic development.

We are honored to be recognized for our work and achievement. We plan to continue our growth and impact into the future, serving even larger numbers of entrepreneurs, and expanding into new markets.