Inoussa Campaore, Zaca Café LLC, Brooklyn, NY >

products and programs

Looking for COVID-19 resources? Ascendus has compiled a list for you.

New York Opportunity Fund

We’re excited to be an originating lender for the NYC Opportunity Fund, which provides affordable capital and free business support services to of small businesses – especially those hardest hits by the pandemic and who have experienced historic disinvestment or discrimination. 

Get Ready Business Line of Credit

No FICO minimum! This line of credit product is designed for Black or African American business owners, located in NYC, Michigan, Massachusetts or Florida ready to improve their credit and grow their business. The Get Ready Line of Credit starts at $500 for the first 3 months and grows to $5,000 with good repayment and completion of a credit action plan. Offered at 13.99%. Free tailored credit coaching for all current clients that are interested in our Get Ready Loan product. Training sessions will include credit building, debt management tailored to long- and short-term goals, prioritizing debt repayment, budget assessment, and assessment for current credit building programs.

Connecticut Small Business Boost Fund

Supported by the Connecticut Department of Economic & Community Development, the Connecticut Small Business Boost Fund links Connecticut small businesses and nonprofits to the financial support they need to thrive.

The Small Business Flex Fund

The Small Business Flex Fund will provide 4% interest rate loans up to $150,000 to small businesses through lenders like Ascendus. Qualified businesses will be located in Washington state.

Restaurant Futures 0% Business Loan

0% loans up to $50,000 with only $25 monthly payments for the first 12 months for restaurants dedicated to creating safe and equitable work environments for their employees.  Open to qualified businesses in all states, except Vermont.


Funding for this program is currently unavailable.

Business Term Loan

For small business owners who need money to grow their business, Ascendus offers loans from $500 – $150,000. If you’re looking for a loan above $150,000, check out our SBA Community Advantage product. Qualified businesses will be located nationwide, except Vermont.

SBA Community Advantage Business Loan

SBA Community Advantage loans range from $50,000 to $250,000 and are for established businesses with less than 100 employees or partially funded start-up businesses that need a large loan to scale.


Due to COVID-19, our resources are limited and this program is on hold.  Please consider our other programs or join our email list so we can alert you when this program is available.

Childcare Business Loan

Loans up to $50,000 for licensed childcare businesses offered at 9.99%. Qualified Businesses will be located nationwide, except Vermont.


If you have been operating for more than 3 years, access up to $20,000 in fast track financing at the same interest rate within 48 hours. No paperwork required to apply!

Rideshare Business Term Loan & Line of Credit

Loans up to $15,000 in fast track financing for rideshare businesses offered at 9.99%. Qualified Businesses will be located in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, or Rhode Island.


Access a line of credit up to $10,000 in fast track financing at the same interest rate. Minimum paperwork required to apply!

Trust Plus Financial Guidance Partnership

TrustPlus is a confidential personal financial coaching service available to small businesses and their employees. TrustPlus coaches will work to help demystify personal finance with empathy, providing on-demand, one-on-one support, and expert guidance by creating a tailored Financial Action Plan to meet personal financial goals. Coaches are available via phone, SMS, and video chat and can help with debt management, credit repair, budgeting, connecting to resources & benefits that support financial stability, and much more!

To get started simply sign up for a confidential session and take the first step towards financial empowerment with your very own financial coach. This partnership is available nationwide.

Start-Up Business Loan

Ascendus helps new business owners with funding for purchasing inventory, buying or leasing equipment, professional expenses, hiring employees and many other expenses involved with being an entrepreneur. Qualified businesses will be located in Connecticut, Florida, Massachusetts, Maine, New Hampshire, New York and Rhode Island.

Due to COVID-19, our resources are limited and this program is on hold.  Please consider our other programs or join our email list so we can alert you when this program is available.

step it up with an Ascendus business loan.

Whether you are looking to take your current business to the next level or launch the next big idea, we’re here to help you fund your path to success.

Because of Ascendus we were able to continue operations. Ascendus gave us an affordable interest rate, allowed us to offer competitive pay packages, and overall, helped us grow our business.

I started off with a food truck. Now I have two restaurants and another on the way. All because Ascendus gave me that first loan.

Ascendus gave me resources, helped me build credit, and helped me prove that I could pay back a loan.

frequently asked questions

Questions? We’re here to help. We want to make getting a loan from Ascendus as easy as possible. So, we want to share the top questions we get asked and answer them for you.

how important is my credit score in qualifying for a loan?

Credit is just one of many factors that we look at when we work with business owners. If your credit isn’t well established or damaged, we can work to find strengths in your business or finances to make the loan possible. In some cases, we have firm requirements such as amount in past due debt, bankruptcies and credit score minimums. So please check our loan requirements to see if we are a good fit for you.

does ascendus offer services other than loans?

Local businesses choose to work with us for more reasons than just access to loans. Our staff will go the extra mile for you throughout your application process, the life of your loan and beyond. We can help you connect with peers, local organizations, banks and more to provide as many opportunities for growth as possible. You can call us any time and connect with a live person. And of course, you can access our business resource library anytime.

what makes ascendus different from other financial institutions?

Ascendus is a nonprofit, community organization dedicated solely to helping small business owners succeed and communities thrive. We are often able to lend to small business owners who have trouble finding loans elsewhere thanks to our smaller loan sizes, a process that looks at more than just a credit score, and terms that are designed to best meet your needs.

what types of businesses does ascendus lend to?

Ascendus works with businesses in a variety of different industries such as construction, transportation, retail sales, landscaping, restaurants, professional services and more.

Ineligible Industries: Real Estate, Adult Entertainment/Materials, Drug Paraphernalia, Distribution, Sale or Manufacturing of Firearms: Non-FDA Weight Loss Products, Traditional Lending Institutions, Alternative Lenders, Check Cashing, Factoring Organizations, Non-Bank Cash Advances, Pawn Shops, Non-Profit Organizations, Non-U.S. Companies, Collection Agencies, Currency Exchanges, Precious Metal Sales, Investment Opportunities, Gambling Establishments, Lotteries/Raffles, and pyramid or multilevel sales plans

will my startup business qualify?

Ascendus has worked with thousands of start-up businesses across the country. Our start-up loans require that you have an outside source of income (other than the business) to support the loan. Startups are required to have a partner verified business plan with a 12-month cash flow projection. Check our loan requirements Start-Up to learn about our specific start up loan prerequisites. To find a partner near you, click here

what is the application process like?

Once you submit your online application, we’ll be in touch within 2 business days to let you know if you’re a good fit for Ascendus. If you are, you’ll be put in touch with a lending team member who will work with you one-on-one to assemble the strongest loan application possible. This will include documentation to confirm some of the information submitted in your application, as well as some other documents to help us understand your specific business situation as best we can.

what if I don't qualify?

If you don’t qualify for a loan with us at this time, we’ll give you the information you need to improve your business and financial situation so that you have an improved chance of qualifying on your next application. Typically, you’ll be eligible to reapply in three to six months.

how much should I apply for?

When thinking about how much you should apply for, consider the following: Loan Use – What will I use the loan for specifically and do I know how much that costs? Monthly Payments – Will I be able to comfortably afford the monthly payments that will come with the loan? Click here to check out a monthly payment calculator.

how to calculate the interest rate?

If you want to calculate the monthly interest rate click here

are ascendus loans guaranteed by my business or personal credit?

Ascendus loans are always personally guaranteed. We never take your home as collateral but may ask for a cosigner or collateral such as a vehicle or piece of equipment to add strength to your application.

Have a question not addressed in our FAQ? Speak to our chatbot on the right or Contact Us for more information.

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loan amounts

Our term loans range from $500 to $250,000. We’ll work closely with you to determine how much is needed to move your business in the right direction.

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credit requirements

Your hard work and determination are valued at Ascendus. Our loan officers take the time to get to know you, accounting for strengths beyond just your credit score.

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fair rates

We’re in business to see you succeed. Our loans are fairly priced and flexible. Everything is laid out for you so it’s simple and easy to understand every step of the way.

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our process

Our online application is quick and easy and puts you on a faster track to getting you the funds you need. Once that’s complete, one of our loan experts will work with you one on one to craft a custom solution.

Thank you very much for reaching us.

Due to the high volume of applications received,
our team is experiencing a longer response time than usual.

We appreciate your understanding and patience as you await a response to your application.

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