Welcome to Ascension Funding Group!

December 5, 2020

09:00 – 9:00 EST

Monday to Friday

Lexington, KY 40517

The Money Your Business Needs When You Need It

As entrepreneurs ourselves, we know the importance of having sufficient working capital to maintain the status quo and keep things moving forward.  We also know the litany of challenges small businesses face when they find their business in need of short-term capital to get them over the hurdles and growing pains businesses face on a daily basis.

Amount

Amount

$20,000 up to $5,000,000

Term Length

Term Length

3 to 18 months

Fund Time

Fund Time

Average time to fund:

5 to 7 business days

Minimum Loan Qualifications

  • Loans funded from $20,000 up to $5M
  • $30,000 average in gross monthly revenue
  • Minimum FICO of 500
  • At least 3 – 6 months in business
    • 3 months in business for restaurants
    • If seasonal, must have 12 months of bank statements
  • No more than 4 – 5 monthly negatives in checking account
  • Business income must be run through a business account
  • No open bankruptcies
  • Any open judgements / tax liens must be set up on a payment plan

Applying for Working Capital is a simple process.  Simply download an application packet, gather the items below, and email us your completed information.  We will have an answer for you within 24 hours.  Average time to fund is 5-7 business days.

Submission Docs Required

Loans Under $50,000

  • Working Capital loan application
  • 6 Months Bank Statements or 12 Months Bank Statements (if seasonal business)

  • 4 Months CC Statements (if applicable)

  • Copy of valid driver’s license

  • Names, current balances and terms of all open loans/advances

  • Voided check from business account (once loan is approved)

For loans over $100,000

All items listed above plus the following are required:

  • 12 mos. bank statements
  • Financial statements (2 most recent years)

 

When the Banks Say No, We Can Help.
Ascension

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