Ascendus — Small Business Term Loans and Microloans

Who qualifies

Ascendus — Small Business Term Loans and Microloans is a private loan from Ascendus, open to businesses in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming, with a published award of Up to $100,000. Deadline for Ascendus — Small Business Term Loans and Microloans: Rolling.

• Business operating in any of 49 states (all except Vermont)
• At least 6 months in operation with consistent revenue for the last 6 months
• FICO score of 575 or higher
• No more than $3,000 in unpaid debt
• Bankruptcy discharged 1+ year (loans up to $25K) or 2+ years (loans up to $50K)
• Any foreclosure completed at least 2 years ago

What it covers

Ascendus — Small Business Term Loans and Microloans is a private loan from Ascendus, open to businesses in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming, with a published award of Up to $100,000. Deadline for Ascendus — Small Business Term Loans and Microloans: Rolling. Ascendus covers 8 categories of eligible expense and excludes 2.

How to apply

Applying to Ascendus — Small Business Term Loans and Microloans (Up to $100,000 from Ascendus, businesses in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming) takes 4 steps and about 7 hours in total. Deadline for Ascendus — Small Business Term Loans and Microloans: Rolling.

1. 1

   Submit the online application

   Apply online at ascendus.org. Ascendus recommends consulting a local SBDC or community partner first to strengthen your application.

   ~1.5 hrs

2. 2

   Fit response within 2 business days

   Ascendus reviews your application and contacts you within two business days to confirm whether you're a good fit.

   ~0.25 hrs

3. 3

   Work with a lending team member

   If you're a fit, a lending team member works with you one-on-one to assemble the strongest possible loan application and gather documents.

   ~3 hrs

4. 4

   Underwriting, approval, and funding

   Ascendus underwrites the loan and, on approval, disburses funds for your stated use (working capital, inventory, equipment, etc.).

   ~2 hrs

Deadline & timing

Ascendus — Small Business Term Loans and Microloans is listed as active in the GrantCompass catalog as of August 24, 2026. Deadline for Ascendus — Small Business Term Loans and Microloans: Rolling. Ascendus — Small Business Term Loans and Microloans awards Up to $100,000 to businesses in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming through Ascendus.

Applications accepted on a rolling basis. After you submit, Ascendus follows up within 2 business days on fit and assigns a lending team member to help build the application.