Ascendus, Inc.
Ascendus, Inc. is an active SBA lender in New York, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 223 Google reviews.
About Ascendus, Inc.
Ascendus, Inc. offers comprehensive SBA lending solutions tailored to small businesses seeking growth capital. With a focus on supporting entrepreneurs, this financial institution provides flexible financing options, including SBA 7(a) loans, to help businesses expand, purchase equipment, or improve cash flow. Located in the heart of New York, Ascendus, Inc. leverages its extensive experience to guide clients through the loan process, ensuring timely approvals and competitive rates. Their team is dedicated to understanding each business's unique needs and providing personalized service to facilitate success. Whether you're a startup or an established enterprise, Ascendus, Inc. is committed to fostering business growth through accessible financing options and expert support. They also support various SBA programs, including the 7(a) loan program, making them a versatile partner for small business owners across diverse industries.
Serves SBA borrowers in 3 states
Ascendus, Inc. has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Ascendus, Inc. finances
Business types Ascendus, Inc. actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Ascendus, Inc.
What is this place and what can I find here?
This is a financial institution offering SBA loan programs designed to support small business growth and development. You can find information on various loan options, application processes, and personalized assistance for your business needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
The typical hours are Monday through Friday, 9 am to 5 pm, but it's best to contact the branch directly for specific hours or after-hours appointments.
Is there a fee to use this?
There are no fees to inquire or apply; however, standard loan fees and interest rates apply based on the specific loan terms.
Who is this open to — anyone, or only residents/members?
This institution primarily serves small business owners and entrepreneurs, with eligibility based on business criteria rather than residency alone.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, though higher scores improve the chances of approval.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Ascendus, Inc. typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Ascendus, Inc. to confirm current weekend availability before you go.
How do I get there and where do I park?
Ascendus, Inc. is located in New York — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Ascendus, Inc., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Ascendus, Inc. itself, which runs its own lending under its own ownership. If you work at Ascendus, Inc., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Ascendus, Inc. — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Ascendus, Inc. before applying. If you represent Ascendus, Inc., claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Ascendus by phone at (866) 245-0783, email at info@ascendus.org, or visit ascendus.org to contact them directly.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Ascendus, Inc. most often finances businesses in restaurants & food service, general retail, fitness & recreation, and food manufacturing & processing. This reflects Ascendus, Inc.'s real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Ascendus, Inc. which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Ascendus, Inc. participates in SBA Express depends on its specific SBA lending authority. Contact Ascendus, Inc. and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Ascendus, Inc. can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Ascendus, Inc.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Ascendus, Inc. directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Ascendus, Inc. what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Ascendus, Inc. to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Ascendus, Inc. to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Ascendus, Inc. weighs this case by case under its own policy, so be upfront about your history and ask Ascendus, Inc. how it evaluates prior bankruptcies.
