Ascent Funding is a non-profit whose mission is foster equitable economic development and address the access to capital disparities faced by minority-owned businesses, women-owned businesses and businesses in low income communities. It is not to make money and our funders are intentional with the funds and are much more patience and flexible. For these reasons, in situations when banks deny business loans, we’re able to sometimes approve them.

Over the past decade, we’ve worked with hundreds of businesses in the Portland metro region and have identified the common reasons why banks deny business loans. If you were turned down for a bank loan, click onto the reason below to learn how we have been able to provide the funding.

• Young Businesses
• Low Credit Scores
• Insufficient Collateral
• Inadequate Profits or Cashflow
• Tax Liens

If your business was denied a loan for another reason, chances are, there is a scenario in which we can provide funding. We encourage you to  schedule a Capital Coaching & Connections session to learn how to address that challenge and/or get connected to a funding source – whether us or someone else – that could provide that capital.