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Get Ready Program

No FICO minimum! This line of credit product is designed for Black or African American business owners 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.

requirements for the Get Ready Program

  • Black or African American (at least 50% ownership)
  • New clients Only
  • Business must be in FL, NC, NY, NJ (city of Newark excluded), CT, MA, ME, NH, RI, MI, GA
  • Business must be operating for at least 1 year
  • No minimum FICO
  • Less than $10,000 in past due debt (will include charge offs)

apply online or
call 866 245 0783.

“Ascendus was the first place that looked at the entire picture. They were the first place that recognized what I had accomplished. It makes a world of difference to have someone believe in you. Ascendus gave me resources, helped me build credit, and helped me prove that I could pay back a loan.” – Emelyn Stuart, Stuart Cinema & Cafe

terms

  • Line of credit starts at $500
  • Credit limit can increase to $5,000, after 3 months (Subject to good standing)
  • Interest rate: 13.99 % Fixed IR
  • Evergreen, qualify once and enjoy credit access for life
  • No pre-payment penalties
  • No maintenance fees
  • No collateral required to qualify

FOR MORE INFORMATION CONTACT:

Neysa Cruceta: [email protected]

617-616-1582 (English & Spanish)

 

Experience the “Power of Up”!

 

tailor-made business coaching for you

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.

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.

“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

 

Read Makeiba’s Story

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.

The Ascendus loan kept me from going bankrupt. Through the loan I paid my employees, my rent, my bills, and bought the inventory to keep my restaurant open.

Through the Ascendus loan, I became the owner of my own clinic. Now I can treat whoever I want, whenever I want, in a space that is my own.

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