Ascendus, Inc.
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Ascendus, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 8 | $720K | $90K | 20.0% |
| 722511 | Full-Service Restaurants | 8 | $1.6M | $205K | 20.0% |
| 485991 | Special Needs Transportation | 8 | $1.6M | $200K | 20.0% |
| 524210 | Insurance Agencies and Brokerages | 8 | $880K | $110K | 20.0% |
| 541690 | Other Scientific and Technical Consulting Services | 8 | $440K | $55K | 20.0% |
Geographic Distribution
SBA lending activity for Ascendus, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 24 | $3.7M | 60.0% |
| Florida (FL) | 8 | $880K | 20.0% |
| New Jersey (NJ) | 8 | $720K | 20.0% |
Why Choose Ascendus, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 40 SBA loans approved, totaling $5.3M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Full-Service Restaurants, Special Needs Transportation
- ✓Competitive Terms: Average interest rate of 8.85% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $55K to $205K, with an average of $132K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NY, FL, NJ
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Ascendus, Inc. SBA lending
What types of businesses does Ascendus, Inc. typically finance?
Ascendus, Inc. specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, full-service restaurants, special needs transportation, insurance agencies and brokerages. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ascendus, Inc.'s typical SBA loan terms?
Ascendus, Inc.'s SBA 7(a) loans typically feature an average interest rate of 8.85% and average term length of 98 months (approximately 8 years). Loan sizes range from $55K to $205K, with an average loan size of $132K.
Do I need a business valuation for a Ascendus, Inc. SBA loan?
Yes, Ascendus, Inc. typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Ascendus, Inc. compare to other SBA lenders?
Ascendus, Inc. has originated 40 SBA loans totaling $5.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Ascendus, Inc. lend in?
Ascendus, Inc. provides SBA 7(a) financing with particularly strong presence in NY, FL, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.