Claudia Romero, Pega Grill >
Business Term Loan
Flexible financing to support growth, upgrades, and long-term business needs.
Who this is for
This loan is designed for small businesses across the U.S. that need capital for growth or major expenses.
To qualify, businesses must:
- Operate nationwide, except in Vermont
- Have been in business for at least 6 months
- Show consistent revenue for at least 6 months
What this loan offers
- Loan amount: Up to $100,000
- Interest rate: 7.75%–15.99%
- Term: Up to 60 months.
- Final terms depend on the specific program
How this loan can help
Funds may be used for a wide range of business needs, including:
- Working capital. Inventory, salaries, marketing, contractors, and supplies
- Equipment and fixtures
- Debt refinancing
- Renovations
- Vehicle purchases
This loan is built for investments that support long-term stability and growth.
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
To be eligible, applicants must meet the following requirements:
- Credit score: FICO score of 575 or higher
- Debt history:
- No more than $3,000 in unpaid or past-due debt
- Bankruptcy must be discharged for more than 1 year for loans up to $25,000, or more than 2 years for loans up to $50,000.
- Foreclosure must be completed more than 2 years ago
Other requirements may apply based on the program.
Fees to know upfront
We believe in transparency. These fees apply:
- $200 application fee
- 5% closing fee
- $30 direct deposit fee
- $80 UCC filing fee
- Florida only: State stamp tax of $0.35 per $100 borrowed (or portion thereof)
No cost to apply online. These fees are included in the loan and only apply if the loan is approved and disbursed. There are no out-of-pocket expenses during the application process.
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.
