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Get Ready Line Of Credit
No fico is required for this program. This is designed specifically for customers looking for a no fico option. If you’re searching for a no fico solution, this alternative will meet your needs. Customers interested in a no fico alternative will find this program ideal.
A starter line of credit designed to help new businesses build credit and strengthen cash flow.
With the Get Ready Program, clients will receive individual and tailored Credit Coaching from Program Manager Neysa Cruceta. Neysa has been trained in Credit Coaching from Ascendus Master Trainer Andrea Ierace. 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.
Who this loan is for
This product is designed for new Ascendus clients who want to begin building or improving business credit with structured support.
To qualify, businesses must:
- Have been operating for at least 1 year
- Receive a referral from a partner organization, such as:
- A bank or credit union
- SBA, SBDC, or SCORE
- A community-based organization
What this line of credit offers
- Starting credit limit:
- $500 for the first 3 months
- May be re-evaluated for an increase up to $5,000
- Interest rate: 13.99%
- No fees
- No application fees
- No monthly fees
- No closing fees
How this line of credit can help
This product is designed for:
- Working capital needs
- Building and strengthening business credit
It also includes coaching sessions and a personalized credit action plan to support long-term financial health.
Before you apply
If you found Ascendus through an online search, we ask that you first connect with a local business resource partner before applying.
Partners like an SBDC, bank, or community organization can help you prepare a stronger application and improve your chances of success.
Clients who take this step are typically better prepared for the loan process.
Once you’ve worked with a partner, you can move forward with your application.
Just include their name when asked “How did you hear about us?”
Need help finding one? Find your local SBDC
What to expect
Eligibility requirements include:
- Business banking activity:
- At least $300 in business deposits per month
- At least $300 average end-of-month balance
- Credit history:
- No minimum FICO score required
- data-end=”2304″>Less than $10,000 in past-due debt, including charge-offs
This product is focused on responsible use and steady progress.
Fees to know upfront
We believe in transparency.
No fees apply.
“I am very grateful for Ascendus taking the chance on me so that I can grow as an individual and a business.” — Makeiba Winclas, The Luxe Travel Plug, Brooklyn NY
Where this product is available
- Albany County
- Bronx County
- Kings County
- New York County
- Queens County
- Bergen County
- Camden County
- Cumberland County
- Essex County
- Hudson County
- Mercer County
- Middlesex County
- Passaic County
- Union County
- Hampden County
- Suffolk County
- Bibb County
- Chatham County
- Clayton County
- Cobb County
- DeKalb County
- Dougherty County
- Douglas County
- Fulton County
- Gwinnett County
- Hall County
- Henry County
- Houston County
- Muscogee County
- Newton County
- Paulding County
- Richmond County
- Rockdale County
- Whitfield County
- Alachua County
- Broward County
- Duval County
- Gadsden County
- Hamilton County
- Hendry County
- Hillsborough County
- Jefferson County
- Leon County
- Madison County
- Miami-Dade County
- Orange County
- Osceola County
- Polk County
Doubts?
FOR MORE INFORMATION CONTACT:the get ready program impact
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.
Since my first loan with Ascendus, I have increased my staff, the number of children I can serve, and raised my credit score by 90 points.
Ascendus has really gotten me into a good habit of keeping up with my finances, making sure I’m noting what’s going out the door and what’s coming in. It’s been a really great learning experience that’s given me confidence and consistency.
You guys are amazing. Very reliable. I can rely on you all. Like if I need help I could definitely depend on you guys.
