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FINANTA Celebrates Its 20th Anniversary at SugarHouse


   FINANTA recently celebrated 20 years of mission driven non profit 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.Finanta

   FINANTA recognized major partners and exceptional clients at the events. Awards were given to their first two PRECAPS Groups, a lending circle program that brings together groups of peers to borrow credit building microloans while receiving financial training. FINANTA also recognized the support of individuals and nonprofits whose work supports FINANTA’s mission. Among those awarded were: The Welcoming Center for New Pennsylvanians, Greater Philadelphia Hispanic Chamber of Commerce, and Norris Square Community partners. Major Banks Santander, PNC, TD, Wells Fargo, Customers Bank, and BB&T were recognized for the commitment to an inclusive economy.

   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, their clients have created or retained over 1,500 jobs, revitalized business communities through the city, and enriched the cultural fabric of our city.

   FINANTA marks these past 20 years with many exciting accomplishments. This year they have expanded their service area to 8 counties in and around Philadelphia. They also had the honor of receiving the SBA’s 2016 Jody. C. Raskind Mission based Lender of the Year, and award given 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 is proud to continue this momentum for years to come, serving even larger numbers of entrepreneurs, and expanding into new markets.

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