About FINANTA/ Community First Fund

FINANTA/Community First Fund is a nonprofit lending institution facilitating access to capital and consultation services for consumers, entrepreneurs, and first-time homebuyers in the Philadelphia region.

 

Vision

FINANTA/Community First Fund envisions inclusive, equitable, and vibrant communities where individuals prosper, triumph over poverty, and live free from discrimination.

 

Mission

FINANTA/Community First Fund’s mission is to create financial equity through wealth building opportunities for individuals, families, and business owners, especially Persons of Color, women, and immigrants. We align capital, knowledge, and advocacy to advance access to financial services, business ownership, housing, and community development.

 

History

In the mid-1990s, a group of community leaders and entrepreneurs in Lower Kensington, gathered to address a growing concern – a demand for business financing unmet by local banking. 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 sensitive to 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 to entrepreneurs and nonprofits, and acting as a business incubator for the local community and the Philadelphia region.

Over 23+ years, FINANTA has contributed to affordable home ownership, community and residential development, consumer borrowing, and entrepreneurial expansion. 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.

On July 1, 2020, FINANTA merged with Community First Fund, a Pennsylvania-based CDFI dedicated to creating vibrant communities by increasing development of affordable housing units, enhancing access to food and healthcare resources, creating educational opportunities for all, and providing the funding for job-creating businesses to start up and grow.

Over the next few months we’ll be introducing you to how our transition to Community First Fund will benefit you and our local community. Even though we’ll be changing our name, what won’t change is our commitment to personal service and delivering effective financial and technical assistance to our valued clients and prospects.

Service Area

FINANTA serves 11 counties in the region: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia in Pennsylvania, Camden, in New Jersey and Kent, New Caste, and Sussex in Delaware.

FINANTA delivers products and services to these areas in collaboration with local organizations seeking to facilitate access to capital and credit building services in their communities.