In 2025, we built on the lessons of a decade and the convictions of a mission that is now thirty-five years strong. We didn't just lend — we stood close. We didn't just respond — we stayed. We didn't just innovate — we invested in the people who carry our work forward.
2025 was a year of pressure. Macroeconomic uncertainty and tighter credit conditions tested small business owners and CDFIs alike. We made a deliberate choice: to prioritize stability over volume, depth over speed, and the long-term health of our clients over the metrics of any single quarter. We deployed $15M in capital across 706 loans. What matters more is what came with it: 8,500+ hours of pre-loan financial coaching and 3,050+ hours of post-loan technical assistance, reaching more than 5,900 small business owners in all. That is what standing with clients looks like.
2025 also marked a turning point in how we share what works. With the release of the Get Ready Research Brief — Part One, we translated relationship-driven practice into shared field knowledge: documented evidence that when timely capital meets one-on-one coaching, financial trajectories shift. And beyond direct service, we brought the lived realities of small business owners into national conversations — from the OFN Small Business Finance Forum to the Federal Reserve Bank of New York, from NALCAB's Policy Forum to a state-level briefing with Governor Maura Healey of Massachusetts. Standing with clients meant speaking on their behalf where decisions are made.
But 2025 also asked us to look inward. We launched our first organization-wide engagement survey, formalized our talent management philosophy, and started the migration to a new AI-ready loan operating system. Behind every loan, every coaching conversation, every relationship Ascendus builds with the entrepreneurs we serve, there is an Ascender. In 2025, we invested in them with the same care we have always invested in our clients.
By year-end, the choice paid off. We closed FY2025 stronger than we opened it: $1.58M in net asset growth, a net asset ratio of 29.9% (up from 23% the year before), and a portfolio that steadied as charge-offs trended down. Durable impact is built by standing together, especially when it matters most.
Thank you for walking this way up with us.