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Ascendus secures $15 million to support 706 small business owners across the United States, enhancing its balance sheet and childcare lending initiative.
PRIVATEAug 25, 2026•about 6 hours ago
Amount Raised
$15 Million
Round Type
Venture - Series Unknown
New YorkFinancial ServicesFinanceLending
Description
Ascendus, a nonprofit CDFI, has deployed $15 million in capital through 706 loans and lines of credit to small business owners. This funding supports Ascendus's efforts in expanding childcare lending into California and strengthening its overall balance sheet. The organization also increased its financial coaching hours significantly. Their annual report showcases the impact of their lending and support initiatives.
Company Information
Company
Ascendus
Location
New York, New York, United States
About
Ascendus is a mission-driven nonprofit Community Development Financial Institution (CDFI) with over 30 years of experience in providing capital and coaching to entrepreneurs. They have delivered over $435 million in small business loans and served more than 62,000 entrepreneurs across the United States. Ascendus believes that access to capital, paired with hands-on coaching, is essential for the financial ascension of small business owners. Their programs include various financial products designed to support growth for low and moderate-income entrepreneurs.
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New YorkFinancial ServicesFinanceLending