Ruby Bucaro, All Kids Spanish, Deland, FL >

Southern Opportunity And Resilience (SOAR) Fund Loan

We’re excited to be an originating lender for the Southern Opportunity And Resilience (SOAR) Fund, which provides affordable capital and free business support services to small businesses and nonprofits across the South and Southeast to navigate and rebuild from COVID-19.

The SOAR Fund covers: Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and the District of Columbia.

All interested business and nonprofits apply through a centralized online portal that collects standard information and determines eligibility.  If eligible, applicants are matched with a lender like Ascendus based on their region. The lender will then support the applicant with the remainder of the process.

We hope you choose Ascendus to process your SOAR application!

This product is temporarily unavailable

To be eligible, an applicant must:

  • Have fewer than 50 employees.
  • Have annual revenues of less than $5 million.
  • Attest to experiencing direct economic disruption as a result of COVID-19 shutdowns.

Key loan terms include:

  • Maximum loan size of $100,000.
  • 60 month loan terms, interest only in the first 12 months.
  • Interest rates of 4% – 5.77%
  • No collateral required

The SOAR fund application opens April 2021.  Visit www.TheSoarFund.org to learn more, pre-register and apply.

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.

sign up for our newsletters