ASCENDUS INC FKA ACCION EAST INC
Programs
Program 1 [2020]
ASCENDUS HAS TWO PRIMARY PROGRAMS, THE LARGEST OF WHICH IS THE PROVISION OF MICROLOANS AND DEVELOPMENT SERVICES TO MICRO-ENTREPRENEURS (I.E., ENTREPRENEURS THAT EMPLOY FIVE OR LESS EMPLOYEES). WE SERVE LOW-TO MODERATE-INCOME, MINORITY, IMMIGRANT AND WOMEN ENTREPRENEURS, POPULATIONS THAT LACK ACCESS TO MAINSTREAM CREDIT SOURCES. WITH ACCESS TO CREDIT, OUR CLIENTS GO ON TO BUILD ASSETS, GROW HOUSEHOLD INCOMES AND CREATE JOBS FOR THEMSELVES AND OTHERS WITHIN THEIR LOCAL COMMUNITIES.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$7.4MProgram 2 [2020]
ASCENDUS IS A CERTIFIED COMMUNITY ADVANTAGE LENDER UNDER THE U.S. SMALL BUSINESS ADMINISTRATION. THROUGH THIS PROGRAM, ASCENDUS OFFERS SMALL BUSINESS LOANS RANGING FROM $50,000 TO $250,000 AND TECHNICAL ASSISTANCE TO SMALL BUSINESS OWNERS IN THE FOURTEEN STATES IN WHICH IT IS CERTIFIED (FL, GA, SC, NC, VA, MD, DE, PA, NJ, NY, CT, MA, RI, NH). LOANS ARE PARTIALLY GUARANTEED BY THE SBA AND HAVE TERMS UP TO 10 YEARS, PROVIDING ASCENDUS THE FLEXIBILITY TO LEND GROWING SMALL BUSINESSES, WITHOUT SACRIFICING THE AFFORDABLE PAYMENTS THAT MAKE OUR LOANS ACCESSIBLE TO UNDERSERVED BUSINESSES.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$528.6KMicro-Entrepreneur Lending Program
ASCENDUS HAS ONE LENDING PROGRAM FOCUSED ON MICRO-ENTREPRENEURS. THE LOAN TYPES OFFERED ARE TERM LOANS, LINES OF CREDIT, AND PARTICIPATIONS. ASCENDUS IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI"), CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY, A SMALL BUSINESS ADMINISTRATION ("SBA") MICROLOAN INTERMEDIARY, AND A COMMUNITY ADVANTAGE SMALL BUSINESS LENDING COMPANY WITH OFFICES IN NEW YORK AND FLORIDA, BUT LENDING ACROSS FORTY-NINE STATES.GeographiesNot indicatedDatesJan 1, 2023 – Dec 31, 2023Source990No causes providedNo populations provided–$9.7M
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)