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Ascendus logo

Ascendus

Listed
Direct business lender for term loans and business lines of creditNew York, New YorkUS; term loans exclude Vermont, and credit-line availability requires confirmation in California and Vermont
BBLL 000558Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Ascendus provides nonprofit business lending with explicit product costs and a local-partner referral requirement. A term loan and revolving credit line serve different cash needs.

Direct business lender. Directly funds business financing; products and terms depend on the lender.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Term loansBusiness lines of creditWorking capital loansEquipment financing
General small business
From the lender's own site and public records.

A second look at Ascendus

Ascendus provides nonprofit business lending with explicit product costs and a local-partner referral requirement. A term loan and revolving credit line serve different cash needs.

Nonprofit CDFI lending directly to small businesses.

Published by Levr, not by Ascendus. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business Term Loan

Amount and term
Up to $100,000 and 60 months.
Published interest
7.75%–15.99% interest, plus fees.
Fees
$200 application, 5% closing, $30 direct deposit and $80 UCC filing; charged only on approval and disbursement, not upfront.
Requirements
Six months registered operations and consistent revenue; FICO at least 575 or no score; local-partner referral and additional debt-history criteria.
Territory
Available in states other than Vermont.

Provider sources: Term loan

Business Line of Credit

Limit and rate
Up to $50,000 revolving credit; 9.99%–15.99% interest.
Fees
$200 application, 5% closing and $80 UCC filing, included only when approved and disbursed.
Restrictions
Similar six-month revenue and referral requirements; California and Vermont applicants should confirm availability first.

Provider sources: Credit line

When it may fit

Our assessment of the published programs

  • Owners with at least six months of revenue who can obtain a community-partner referral.

What to weigh carefully

  • No upfront cost does not mean fee-free financing.
  • Additional credit-history, industry and cosigner requirements apply.

Questions before you accept an offer

  1. What APR and net proceeds result after all fees?
  2. Which partner referral and security requirements apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Pursuit

Pursuit SmartLoan offers a different fixed-rate term-loan structure.

Fundbox

Fundbox offers revolving credit under separate eligibility rules.

The lender

Type
Direct business lender
Legal name
Not yet provided Add it
Founded
1991
Charter
Not yet provided Add it
Headquarters
New York, New York
Service area
US; term loans exclude Vermont, and credit-line availability requires confirmation in California and Vermont
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
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Also lends to consumers
Not yet provided Add it
Website
ascendus.org
LinkedIn
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Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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