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.

Coming Soon

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.
Show more

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.
Show more
Go back
Heading
No items found.

Application

Actively Lending Now

Ascendus (formerly Accion) is the largest nationwide nonprofit lending network in the United States. They provide fair and flexible loans, connections to business experts, and access to resources and opportunities specifically tailored to each business owner’s unique needs and goals. In response to COVID-19, Ascendus has compiled financial resources to help small business owners make ends meet during this economic crisis. They continue their focus on providing entrepreneurs flexible capital and other valuable resources.

Although you can apply online, it is best to contact by phone or email for details during this time. Contact Information: (866) 245-0783 or email info@ascendus.org.

Businesses interested in loans about $50K should visit their SBA Community Advantage Loan.

Visit Ascendus

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

No items found.

Requirements

Collateral is mainly required for loan programs from $25 to 50K.

Resources

The Ascendus network serves small businesses in communities across the U.S. and is made up of three certified Community Development Financial Institutions (CDFI). CDFIs are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities. Acendus is also a participating SBA Community Advantage lender.

Small Business Loans / Microloans Up to $50K

SBA Community Advantage Loan $50K - $250K