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News Stories (32 Results) - Tom Depping

Ascentium Capital LLC announces results for year-end 2018 with $1.23 billion in funded volume, representing a 25 percent increase over last year. Milestones for the company include the following: Financing provided to over 83,000 SMBs since... Read Story
January 10, 2019, 07:25 AM


Ascentium Capital LLC, the nation’s largest private-independent equipment finance company, announced the closing of the company’s tenth small ticket equipment securitization. The $343,711,000 securitization of Ascentium Equipment Receivables 2018-2... Read Story
October 25, 2018, 07:20 AM


Ascentium Capital, the nation’s largest private-independent finance company, reached $2 billion in managed assets during third quarter and obtained a 22 percent increase in funded volume over the same period last year.“We had another strong quarter... Read Story
October 09, 2018, 07:25 AM


Ascentium Capital LLC announced strong growth during second quarter 2018. The company funded $326.5 million during the quarter, representing a 28 percent increase in volume over the same period last year. Since inception, the company has funded $4.3... Read Story
July 12, 2018, 07:15 AM


Ascentium Capital LLC responding to the strong demand for its finance offering announced the opening of a new office in Scottsdale, Ariz. The facility provides capacity to accommodate sales professionals and support personnel. The office officially... Read Story
June 28, 2018, 07:05 AM


Ascentium Capital LLC announced surpassing $4 billion in origination volume since the company’s founding in August 2011. “Our award-winning finance platform, elevated levels of efficiencies and our personalized service continue to drive demand for... Read Story
April 12, 2018, 07:30 AM


Ascentium Capital LLC experienced a strong first-quarter funding $278 million representing 24 percent year over year growth--the highest origination quarter in the company’s history.“I am extremely pleased with first-quarter results and the... Read Story
April 05, 2018, 07:11 AM


Ascentium Capital announced it surpassed $1 billion in annual funded volume for the first time in the organization’s history.The Company manages $1.9 billion in assets and funded $3.7 billion since 2011. Ascentium Capital experienced other key... Read Story
January 09, 2018, 07:11 AM


Ascentium Capital announced a record quarter in origination volume, reaching $255.7 million. This represents a 14.0% increase quarter-over-quarter. “Our people and our finance platform deliver unprecedented flexibility and speed. This enabled us to... Read Story
July 11, 2017, 07:09 AM


Ascentium Capital LLC announced surpassing $3 billion in origination volume since the Company’s inception in August 2011. “This milestone represents the doubling of our funded volume in less than two years. It is gratifying that our forward-looking... Read Story
May 17, 2017, 08:00 AM


Ascentium Capital announced receiving the FinTech Breakthrough Award for the Best Business Lending Platform. The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the success of FinTech companies, technologies and... Read Story
April 27, 2017, 07:10 AM


Ascentium Capital announced first quarter funded volume reached $225.1 million representing 25.5% growth and managed $1.6 billion in assets, representing a 37.7% increase year over year in the first quarter 2017. Ascentium Capital also experienced a... Read Story
April 11, 2017, 07:20 AM


Ascentium Capital was announced as the largest private independent finance company in annual funded new business volume by Monitor. Ascentium Capital rose from third place to first in the rankings during 2016, with year-end funded volume reaching... Read Story
April 06, 2017, 07:15 AM


Ascentium Capital issued a $271 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016-2.“This securitization provides our organization with additional opportunities to meet our growth initiatives,”... Read Story
November 01, 2016, 07:10 AM


Ascentium Capital announced strong growth in volume during third quarter 2016. The company obtained a 30% increase in originations over the same period last year."We are investing in our product offering and delivery of exceptional service by... Read Story
October 13, 2016, 07:14 AM


Warburg Pincus, a global private equity firm focused on growth investing, announced that funds affiliated with the firm have agreed to acquire Ascentium Capital, the third largest private-independent equipment finance company in the U.S. by... Read Story
October 05, 2016, 07:20 AM


Ascentium Capital, a national commercial lender providing comprehensive finance solutions announced the celebration of five years in business. Ascentium Capital was founded on the foresight to develop a technologically progressive finance company... Read Story
August 05, 2016, 07:27 AM


Ascentium Capital announces funding $225.4 million during 2Q16 which includes a record month in June with origination volume representing 30% growth over the same period last year.  Second quarter of 2016 also marks the 18th consecutive quarter the... Read Story
July 07, 2016, 07:12 AM


Ascentium Capital announced the company reached $1 billion in assets under its management. Additionally, the company issued a $237.5 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016-1. In less than... Read Story
May 10, 2016, 07:15 AM


Ascentium Capital announced that it surpassed $2 billion in funded volume since its inception on August 4, 2011.“Less than five years ago, we created a new type of independent financing company to meet the changing needs of small businesses. We’ve... Read Story
April 21, 2016, 07:22 AM


Ascentium Capital announced a 28% increase in volume over the same period last year with assets near $980 million, representing a 32% increase.“We continue enhancing and expanding our small business finance products and services. These investments... Read Story
April 06, 2016, 07:10 AM


Ascentium Capital announced that it is now offering a specialized financing program to Independent Sales Organizations (ISO's) and to their clients, retail merchants.         "The creation of our Merchant Finance Division is an exciting opportunity... Read Story
March 09, 2016, 07:15 AM


Ascentium Capital announced significant growth as the company achieved a 44% increase on total assets and a 56% increase in funded volume year over year. “In less than five years, Ascentium Capital has become a game changer in the equipment financing... Read Story
January 12, 2016, 07:14 AM


Ascentium Capital announced that it surpassed $1.5 billion in funded volume since its inception on August 4, 2011. Third quarter also resulted in strong financial performance with a funded volume increase of 48 percent over the same period last... Read Story
October 07, 2015, 07:03 AM


Ascentium Capital announced strong growth during first quarter 2015. The company obtained a 77.3% increase in volume over the same period last year and with assets near $743 million, a 69.3% increase was achieved.Ascentium Capital is now ranked as... Read Story
April 24, 2015, 07:28 AM


Ascentium Capital announced that Moody's Investors Service upgraded the subordinate bonds of Ascentium Equipment Receivables 2014-1 LLC.Moody’s highlighted Ascentium Capital’s performance and attributed the action to strong transaction performance... Read Story
February 19, 2015, 06:45 AM


Ascentium Capital announced significant growth as the company funded $440,000,000 in transactions during 2014, representing a 57% increase over last year. Ascentium has momentum for long-term success and has a 2015 business plan focused on organic... Read Story
January 09, 2015, 07:10 AM


Ascentium Capital announced that it surpassed $1 billion in funded volume since its inception on August 4, 2011.  Tom Depping, Ascentium Capital’s President and CEO stated, “Three years ago we started witnessing a major shift in the industry toward... Read Story
November 04, 2014, 07:15 AM


Ascentium Capital celebrates its three year anniversary and surpasses a key milestone by reaching $2 billion in credit applications since its inception.“This achievement is a strong example of the far-reaching benefits of our specialized financing,”... Read Story
August 07, 2014, 07:05 AM


Ascentium Capital announced record gains during second quarter 2014. Over the same period last year, the company obtained 57% growth in financing volume. Additionally, Ascentium Capital’s new business volume has the company ranked higher, in position... Read Story
July 02, 2014, 06:37 AM


Ascentium Capital LLC announced the addition of another financial firm, JP Morgan Chase Bank, to its existing lender group which also includes Bank of America, Credit Suisse and Bank of Montreal/Harris Bank. These strategic, multi-year credit... Read Story
August 07, 2013, 06:49 AM


Ascentium Capital announced that it added both Bank of America and Credit Suisse to its existing lender group which currently includes UBS and Bank of Montreal/Harris Bank.Tom Depping, Chief Executive Officer of Ascentium Capital stated, "We are... Read Story
November 07, 2012, 07:00 AM