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Entrepreneurs of Color Fund

This program will support a multi-organization approach to increasing access to capital and education for entrepreneurs of color.  Ascendus, will provide the services to achieve three key programmatic goal:  create a comprehensive ecosystem of services for entrepreneurs of color, to provide technical assistance and educational support, to increase access to capital for entrepreneurs of color.

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requirements for the Entrepreneurs of Color Fund

  • Eligible to small business owners in any state, excluding Vermont
  • 51% owned by entrepreneurs of color
  • Business must be at least 2 years in operations
  • Less than $5MM in annual revenue
  • Legal status is permanent resident and U.S. citizens
  • FICO Minimum: 600
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terms

  • For equipment, leasehold improvements, or working capital
  • $75,000 – $250,000
  • Interest Rate: 9.99%, fully amortized over 72 months
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Ascendus is a nonprofit lender with over 30 years of experience serving entrepreneurs like you. When you contact Ascendus, you’ll meet our experienced staff who will work with you one-on-one to find the best business lending solution for you. We work with a diverse group of business owners and provide a solution when traditional lenders cannot.

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