From Financial Hurdles to Financial Health

Cledir Ferreira, originally from Brazil, had a vision to create a thriving business in tree removal and landscaping. He established Cled’s Tree Services in Halifax, MA, and quickly earned a reputation for quality service. However, when Cledir sought financing to expand his business, he encountered challenges due to a lack of Social Security Number and limited credit history.

Eastern Bank recognized Cledir’s potential but was unable to approve his loan application. Instead, they referred him to Ascendus, knowing we could offer the support he needed.

Turning Challenges into Opportunities

At Ascendus, we saw an opportunity to help Cledir overcome these barriers. By securing his first loan with Ascendus, he was able to invest in essential resources for his business while beginning to establish his credit. Our team provided personalized guidance on credit-building, cash flow management, and banking practices—all designed to strengthen Cledir’s financial health and position him for future growth.

Financial Growth and Graduation

Cledir’s dedication, paired with Ascendus’ support, led to remarkable results. By 2018, his business had achieved significant growth, enabling him to qualify for further financing from Ascendus. With his improved financial profile, Cledir was now ready for the next step: reconnecting with Eastern Bank, where he successfully secured a substantial loan to fuel his continued expansion.

A Story of Financial Ascension

Cledir’s journey exemplifies our mission—to empower small business owners to overcome financial barriers, achieve bank readiness, and contribute to the vitality of their communities. Today, Cledir is not only growing his business but also setting an example of resilience and determination in his community.

Ascendus: Building Pathways to Financial Health and Community Success

At Ascendus, we believe in creating pathways to financial health and business growth. Our partnerships with institutions like Eastern Bank allow us to bridge the gap for entrepreneurs like Cledir, empowering them to thrive and make lasting contributions to their communities.

Follow Cledir’s Journey

Visit Cled’s Tree Services online and support Cledir on social media:

🌐 Website: www.cledstreeservices.com

📸 Instagram: @cledstreeservices

👍 Facebook: Cled’s Tree Services

Photo courtesy of Cled’s Tree Services website.