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Finanta
OVERVIEW
Finanta is a Community Development Financial Institution (CDFI) that provides funding to small businesses. Finanta's approach to creating vibrant communities includes 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. Community First is driven to make a change by transforming lives, businesses and communities – one transaction at a time.
Finanta’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.
COWORKING SPACE?
No.
SERVICES IN SPANISH?
Yes.
PRODUCTS FOCUS ON:
Capital
Growth Strategies
PRODUCTS
Micro Loans
[idea to 2 years+, anytime]​
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Micro loans are for businesses that require less than $50,000 for start-up or expansion. They are a financing option for borrowers that don’t have access to other sources of capital. Borrowers are usually sole proprietors that have been in business for less than two years. Loan proceeds are generally used for machinery and equipment purchases, site improvements, working capital, inventory, materials and supplies, and expansion.
Small Business Loans
[idea to 2 years+, anytime]​
Small Business Loans are for projects that require more capital than a microloan can provide. Loan proceeds are generally used to support the increased capital needs of maturing businesses and may be used for such things as expanding or improving the business site, machinery and equipment purchases, working capital, inventory, materials and supplies, and expansion.
Commercial Real Estate Loans
[idea to 2 years+, anytime]​
Finanta's commercial real estate lending focuses on facilitating the development, rehabilitation or adaptive re-use of commercial and mixed-use real estate projects located in downtowns or in low-income neighborhoods of cities in our market area. Our commercial loans have focused on acquisition, construction and improvement of retail space, wholesale operations, light manufacturing, or refinancing of a real estate loan to improve the business’s cash flow.
Affordable and Market Rate Housing Development Loans
[idea to 2 years+, anytime]​
Finanta provides loans to both for profit and nonprofit developers of housing for low- and moderate-income families. Our financing options support housing that is for re-sale or for rental housing projects. Emphasis for most of our housing related loans is on early-stage development costs, such as acquiring land control, pre-development environmental, engineering and architectural studies.
Community Development Loans
[idea to 2 years+, anytime]​
Loans to nonprofit community organizations to develop and support community programs. We also work with these organizations to develop commercial real estate properties into community assets and to support the development of multi-use and single family affordable rental housing units.
Finanta Credit Union
[idea to 2 years+, anytime]​
Finanta Credit Union provides a variety of business products and services that are designed with small business owners in mind. These range from checking and savings accounts to loans and business services.