Contact Ascendus Inc.
- Address
- 25 Broadway 10th Floor New York, NY 10004
- Phone
- 866-245-0783
- Website
- ascendus.org
- [email protected]
Where they lend
Ascendus Inc. is an SBA-approved microloan intermediary serving Connecticut, Delaware, Florida, Georgia, Maryland, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia.
- SBA microloan lenders in Connecticut
- SBA microloan lenders in Delaware
- SBA microloan lenders in Florida
- SBA microloan lenders in Georgia
- SBA microloan lenders in Maryland
- SBA microloan lenders in New Hampshire
- SBA microloan lenders in New Jersey
- SBA microloan lenders in New York
- SBA microloan lenders in North Carolina
- SBA microloan lenders in Pennsylvania
- SBA microloan lenders in South Carolina
- SBA microloan lenders in Virginia
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Ascendus Inc., who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Ascendus Inc. will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
