Ruby Bucaro >

New York Opportunity Fund

Loan terms 

  • Borrow between $2,000 and $250,000 (subject to eligibility) 
  • Fixed 4% interest rate 
  • 60-month repayment terms for loans less than $100,000; 72-month repayment terms for loans over $100,000 

Elegibility requirements 

  • Businesses and nonprofits must have been in operation for at least 1 year prior to the date of application. A small amount of financing is available for start-up businesses.
  • Business must be located in New York City (Brooklyn, Manhattan, Queens, Bronx, Staten Island).
  • Less than $5MM in annual revenue; 100 or fewer employees.
  • No minimum FICO.

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.

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