Making capital accessible for businesses


We understand the impact that small businesses have on the communities they operate in. Not only do small businesses provide goods, services, and jobs, they most importantly serve as a pillar in the community for everyone to be proud of. Unfortunately, some small businesses don’t have access to the capital they need to grow. This is where we step in. We provide low interest micro-loans designed specifically for entrepreneurs in developing areas of Columbus.


How to Apply

Interested in applying for a loan? Start by scheduling an in-person meeting with us so that our team can learn more about your business.

3 Step Application Process

1) Schedule an informal chat to discuss your business needs and give us a walkthrough of your business. You are encouraged to bring your required documents to this meeting in case we begin your loan application (Step 2).

2) After an initial consultation, our lending advisors will sit down with you and guide you through the loan application using your required documents.

3) Our team will evaluate your loan application within a week.

4) If your loan application passes our underwriting, we will schedule a final signing meeting.

Suggested Documents


Personal and Business Bank Statements

This allows us to verify revenue, expenses, and personal income expressed in your application. Your bank statements also show how much money you have left over each month to cover your loan payment. (3 months of personal, 6 months of business)


Personal Credit Report

We understand that not everyone has a perfect credit score, however your credit report shows more than just a credit score. A credit report allows our lending advisors to see vital information such as bankruptcies and unpaid child support, which are both reasons for application denial.  


Business Revenue Report

We want to know how your business has been doing over the past few months. By providing us with your past sales revenue, we can estimate your future revenue and ability to make a loan payment 


Business Expense Report

Nothing in life comes free, including labor and materials! By providing us with your expense reports, we can determine your profitability and ability to make a loan payment. 


Personal Utility Bill

A utility bill acts as proof of residency. Our advisors need to make sure that the address on you application is where you actually live. (This can be substituted for any document from a 3rd party which has your name and address on it). 


Personal Pay Stub

Although we know running your own business takes even more than a full time job, we also know that a lot of entrepreneurs hold a second job to make ends meets. If this is you, then we will need your past 3 pay stubs to verify your supplementary income. Pay stubs are also required for any co-signer on your application. 

If you have not yet prepared a specific document from the above list but are interested in applying for a loan, please get in touch with us. Our friendly loan application offers personal business assistance, during which one of our team members can work with you to build your loan application materials along the way.

Have a question about our application process or would like to learn more? Contact a lending advisor for help!


Our Evaluation Process

At Ascent, we understand that some applicants may have had a bad experience with a traditional banking institution or a predatory lender. As a result, we have made it a goal to be as transparent as possible with our clients and the community. Below is some of our main criteria:

First Check: Hard-No’s

Your application will be denied if:

  1. You are under 18 years old.

  2. You have an open bankruptcy.

  3. You have unpaid child support.

  4. Your business is not registered with the State of Ohio as an LLC, Non-profit, Sole Proprietorship, Partnership, S-Corp, or C-Corp.

  5. Your household income is less than $1000 / month.

Second Check

Below are the final questions that we ask when approving your loan:

  1. Do you have enough money left over after making the loan payment?

    1. We take a look at your revenue, expenses, and bank statements to determine your business’s cash flow. We understand that when running a business, unpredictable expenses come up at times. Our advisors want to ensure that you have enough money to cover those expenses and the loan payment in a given month.

  2. How do you utilize your credit?

    1. We look at your individual credit report to see how you utilize your credit and what your payment history looks like. We are much less concerned with credit scores, but we normally do not lend to someone with below a 550.

  3. Can your business support the loan payment in the unfortunate event that it were to close or see a dip in sales due to a change in season?

    1. We take a look at your personal bank statements. Of course, how much weight this holds in our evaluation is relative to the sales and seasonality of the business.

Please note that every application is different and Ascent is still willing to work with business owners that may not pass all of the criteria. If you have any questions about your eligibly or application, please contact a lending advisor and we would be happy to answer your questions.


Interested? Get in touch with Ascent Lending!


Request a Consultation

If you are a business owner and are interested in meeting with our team, please request an in-person or phone consultation. Our team will be in touch with you shortly.

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