FINANTA , short for FINANCING AND TECHNICAL ASSISTANCE is a mission-driven nonprofi t lending ins tu on facilita ng access to capital and technical assistance in the Philadelphia region.

About Us Profi le

FINANTA, a Community Development Financial Ins tu on, has been ▪ $16.6 MILLION in assets spurring entrepreneurial expansion, aff ordable homeownership, ▪ $47 MILLION lent to small businesses, and community development since 1996. We economically empower entre- nonprofi ts, and economic development preneurs and consumer borrowers through lending, fi nancial educa on, and credit building products and services in a way which is acutely aware of the ▪ 1,500+ JOBS CREATED in the cultural, social, and language barriers some of them encounter. Philadelphia region. ▪ 40,000 HOURS of technical assistance Over the past 20 years, our por olio has come to refl ect the diversity of the provided contemporary Philadelphia region: from immigrant, family-run micro-enter- ▪ 1,300+ LOANS ranging in size from prises, to real estate developers, cu ng edge designers and other nonprofi t corpora ons. It is our mission to help socio-economically challenged individu- $400 to $3.3 million als and families achieve self-suffi ciency by crea ng thousands of jobs and op- ▪ 1.2% LOAN LOSS, lower than the tradi- portuni es, encouraging investment in local businesses and neighborhoods, onal banking averages and making our region a dynamic hub for economic development.

Service Area Client Demographics

Bucks, PA 94% Minority Berks, PA

Montgomery, PA 69% Immigrant

Lancaster, PA 50% Women Chester, PA Philadelphia, PA

Deleware, PA Camden, NJ 1301 N Second St, Philadelphia PA 19122 Phone: 267.236.7000 (English or Spanish) www.fi nanta.org ACCESS TO CAPITAL

LENDING CIRCLES / AFFINITY GROUPS We provide lending services to groups of entrepreneurs, consumers, and poten al home- owners who face barriers to tradi onal banking and have networks of peers with similar fi - nancing needs. The group becomes the mechanism for delivering individual microloans of up to $20,000. Group member’s guarantee each other and receive personalized and group technical assistance and fi nancial training alongside the loan.

BUSINESS & CONSUMER LOANS We target fi rst- me borrowers and established businesses poised for growth, yet unable to secure bank fi nancing. We off er customized loan products and fair transparent terms to enable these businesses to scale up, revitalize economies, create community jobs, and be- come bankable. We off er Microloans, Small Business Loans, Lines of Credit, and Accounts Receivable Financing. A loan alongside technical RESIDENTIAL MORTGAGES assistance from FINANTAA hasha We provide mortgages, homeownership and credit counseling to fi rst- me homebuyers. One helped me develop my busi- of our FINANTA lenders will work with you to determine an approach to best suit your needs, ness. I now have plans to pur- and the same lender will be with you from the ini al mee ng, through training, applica on, chase my bakery’s adjoiningg proper es. underwri ng, home purchase, and therea er as necessary. Our goal is to help you build ca- - Silvia Paulino, pacity to make accurate and informed decisions when applying to and buying your family Sylvia’s Bakery home. TECHNICAL ASSISTANCE

CREDIT BUILDING We help our clients achieve their best credit by addressing individual needs, helping those who need to establish credit, increase their score, and lower their debt. Our unique CREDIT ACTION PLAN provides clients with a defi ni ve pathway to learn and implement consistent credit prac- ces, obtain a higher score and lower debt.

ENTREPRENEURIAL TRAINING FINANTA provides entrepreneurial skill building workshops and one-on-one sessions to in- crease business capacity and exper se. We highlight Credit, Marke ng, and Bookkeeping in our training. We are con nually adding entrepreneurial skill training and resources to our services, and partner with other organiza ons to increase business tools for our customers.

HOME OWNERSHIP COUNSELING I’m amazed by their product. We provide low- to moderate-income prospec ve fi rst me homebuyers with the fi nancial re- They really reach out into sources and counseling necessary to successfully save for and purchase a home. Clients follow the community and help a set curriculum las ng up to 24 months, and are aff orded access to a secured pre-purchase people become self-suffi - microloan, an important tool in building capacity while par cipa ng in home ownership train- cient. They pick people up ing. and coach them un l they are fi nancially literate. INCUBATOR SPACE - Elhadji Nidaye, Radio XALAAT The FINANTA Center provides fully-furnished offi ce and cubicle space, with access to state of the art technology and other services, for lease at aff ordable and fl exible terms to small busi- ness and nonprofi ts. PRECAPS Affi nity Group Lending

PRECAPS (PRE-CAPITAL) provides access to capital, credit building and technical assistance for en- trepreneurs, consumers, and fi rst- me homebuyers who have networks of peers with similar fi nancing needs. These networks are typically informal and may share industry, loca on, family or cultural es. The group becomes the mechanism for delivering microloans and receives customized fi nancial educa on (one-on-one and in a group se ng).

Program Design

FORM A GROUP Networks of six to ten business owners approach FINANTA to begin the process. BUILD A CREDIT PLAN Work with FINANTA lenders to create an individual credit ac on plan to address specifi c issues.

RECEIVE A LOAN A er approval, each member receives an individual loan of $1,200 or $3,600, depending on personal capacity, to be repaid in 12 months.

FINANCIAL SKILLS FINANTA lenders organize group workshops and one-on-one assistance covering core topics such as credit, bookkeeping, and personal fi nance.

GRADUATION & ADDITIONAL CYCLES PRECAPS members complete loan repayment by the end of the year- long cycle. Groups may par cipate in up to 5 cycles, increasing loan amounts each cycle up to a maximum of $20,000 in cycle 5. Par cipant Outcomes How to Apply

To enroll in “PRECAPS for Entrepre- neurs”, or inquire about business loan op ons, please call one of our lenders at 267-236-7000. Newly established or The op on to secure Bankability and indepen- 1301 N Second St improved credit. mainstream capital, even dence from check cashers Philadelphia PA 19122 if previously declined by a or payday lenders. Phone: 267.236.7000 lender. (English or Spanish) www.fi nanta.org MORTGAGES

FINANTA Mortgage Products target fi rst- me home-buyers in Philadelphia. One of our lenders will work with you to determine the solu on that best suits your needs, and the same lender will be with you from the ini al mort- gage applica on process, underwri ng, home purchase, and therea er as necessary. Our goal is to help you build capacity to make accurate decisions when applying to and buying your family home. A er all, this is a major, somewhat in mida ng, and long-term decision for most of us; and we want to make sure we are with you throughout the whole process. Mortgages

FINANTA Keystone First Mortgage PHFA Loan Up To $160,000 Up to $417,000

The FINANTA First Mortgage targets fi rst- FINANTA is a par cipa ng lender for the me home-buyers with limited revenue. Pennsylvania Housing Finance Agency’s Keystone Home Loan program. The loan guarantees: A PHFA Home Loan off ers: More than • Financing and servicing by FINANTA • Below market, fi xed interest rates $4,000,000 • A compe ve fi xed interest rate • A fi xed term of up to 30 years in mortgages • A maximum term of 15 years with no • No prepayment penal es fi nanced to date.

First- me Home-buyer Assistance Benefi ts of FINANTA Mortgages: • No prepayment penalty fees • Low minimum down payment (3-5%) • Government grants and 2nd mortgag- es allowed Personalized budget & Credit training and build- Referral to the Se lement • Fixed term loans fi nancial analysis ing Assistance ($500 for clos- • Fixed interest rates ing costs) • No minimum credit score How to Apply 1301 N Second St To apply for or inquire about your mortgage op ons, please call one of Philadelphia PA 19122 our lenders at 267-236-7000. Phone: 267.236.7000 www.fi nanta.org BUSINESS Loans

FINANTA’s Customized Loans and Lines of Credit off er fair and fl exible terms and can be used for a wide-variety of business needs, including working capital and acquisi ons. Business lending is the cornerstone of our work. FINANTA targets fi rst- me borrowers and established businesses poised for growth yet unable to secure tradi onal fi nancing. Our products enable these businesses to grow to size and scale, revitalizing the economy and crea ng jobs in Philadelphia’s most challenged communi es. Wilson Torres, Loan Products Nukara Beauty Salon

MICRO-LOAN These loans go up to $50,000. The terms of payment are 12 months per $10,000 borrowed for up to 6 years.

SMALL BUSINESS LOAN These loans start at $50,000 & go up to $250,000. They have a term of up to 8 years.

LINE OF CREDIT Sanago & Margarita, Lines of Credit can go up to $100,000, and have a term of up to 12 months. Lechonera Principe

BRIDGE LOAN Bridge loans are designed to assist business owners access government grant programs by covering the required upfront costs. Typical Use of Capital

Uses of loan capital can vary greatly depending on the borrowers business. To fi nd out which loan works best for your business, consult with one of our lenders. Typical uses include: Joan Verra , PollyOdd

Equipment, machinery, Working Capital , high Business expansion, acqui- and inventory purchase. interest loan refi nancing, si ons, new construc on and start-up costs. and renova on. How to Apply

To apply for or inquire about your business fi nancing op ons, please call one of our 1301 N Second St lenders at 267-236-7000. If you have limited or poor credit history, ask your lender Philadelphia PA 19122 about FINANTA credit building programs. Phone: 267.236.7000 (En- glish or Spanish) www.fi nanta.org