Do You Qualify?

Do You Qualify? 2017-02-11T20:24:25+00:00

Qualification Criteria

As a Community Development Financial Institution (CDFI), Ascent Funding makes loans for certain economic development purposes. Potential borrowers must, at a minimum, satisfy all of the following requirements:

  • Operating and generating revenue for 12+ months, and

    If your business is less than 1 year old, we encourage you to contact Mercy Corps NW and M.E.S.O., community partners that offer loans and support services tailored for younger businesses.

  • Been turned down or will likely be turned down by a bank, and

    You’re the reason why we exist: to make fair and affordable business loans for those get turned down. Plus, we’ll help you become “bankable” along the way.

  • Be a business in our target community, and

    • Minority-owned business (at least 50%), or
    • Woman-owned business (at least 50%), or
    • Businesses located in low to moderate income areas (purple regions) as designated by the US Census Bureau, regardless of race or gender, or
    • Otherwise disadvantaged business.
  • Located in the Portland, OR metro region

    • Multnomah County
    • Clackamas County
    • Washington County
    • Clark County (Washington)

Submit an Initial Inquiry

Do You Qualify?

If you satisfy all these criteria, we encourage you to submit an Initial Inquiry so we can determine if we are a good fit for you.
Submit an Initial Inquiry

If you do not qualify for our loans, we encourage you to visit the SBDC’s Capital Access Team or the Portland District Office of the Small Business Administration. Either organization can connect you to other financing resources in the community. We also encourage you to sign up for our Get Loan Ready newsletter so you can be informed of upcoming classes and workshops geared to help you get the capital you need to grow your business.