Information Regarding the Restaurant Futures Loan

In collaboration with the Restaurant Workers Community Foundation (RWCF), Ascendus is proud to offer a new loan designed for these clients’ businesses, the Restaurant Futures Loan (RFL). The Restaurant Futures Loan is designed for NJ based restaurants committed to building a safe and equitable workplace for their employees.

Restaurants may qualify for a 0% loan from Ascendus up to $50,000 with only $25 monthly payments for the first 12 months. 

Qualified loan applicants will be asked, before a loan is granted, to consider their business operations on four dimensions: 

  • Sustainable wages & career ladders 
  • Gender equity and sexual violence in the workplace 
  • Immigrant and racial equity 
  • Supporting workers with mental health and substance misuse challenges. 

Successful applicants will not need to demonstrate perfect workplaces, but rather, an interest in identifying areas for improvement and a willingness to share their challenges. 

How your clients can apply: 

  • Apply online using this special link by end of day January 29TH
  • If they pass the online application, they must complete the Restaurant Futures attestation survey.
  • We will notify applicants via email by February 2nd if they are selected for final review.   

Minimum Qualifications:

  • Minimum 3 years in operations
  • Minimum FICO of 575
  • Storefront food/beverage businesses (restaurants, bakeries, cafes, breweries, bar & grill, etc.)
  • Non-storefront food/beverage businesses do not qualify (Food trucks, caterers, distributors & suppliers)

Email for additional information.