Ascendus Microloan Program
For businesses in:
South Florida and beyond
Provided by:
Ascendus
Ideal for:
Small Business Loan Seekers
Fair and flexible loans, connections to business experts, and access to resources for small business owner needs.
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Benefits
- $1,000 to $50,000 is the micro-loan range
- 7% to 34% interest.
- Less than 2 weeks to process.
- These loans can be used for working capital, to purchase inventory, for equipment and other hard assets, for short-term business training, for promotions and advertising, to retire existing business debt, or for the purchase of an existing business.
- No prepay penalty or cumulative interest payment for early pay off.
- Providing financial education and assisting businesses to be ready for future loan repayments.
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Eligibility
- Business has been generating profit for more than 1 year.
- Credit score above 575.
- Less than $3,000 combined past due debt.
- No bankruptcy in the last 12 months.
- No foreclosures in the past 24 months.
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