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Ascentium Capital Adds to Credit Facility; Cites Vendor Sales Force Growth

November 07, 2012, 07:00 AM
Filed Under: Industry News

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 pleased to have diversified our funding sources by adding two first class money center financial institutions with strong trading platforms. We have aggressively grown our vendor sales force and monthly origination volume over the past year. Having four significant lending partners in our lender group provides us significant borrowing capacity and will enable us to more efficiently fund our business and attract talent."

Ascentium Capital specializes in providing financial solutions to open new avenues for growth and profit for small businesses located nationwide. The company offers equipment financing and leasing for capital expenditures across many industries nationwide.

Ascentium Capital is backed by Vulcan Capital, the private investment group of Paul G. Allen, and a group of investors led by LKCM Capital Group, LLC (“LKCM”), the alternative investment vehicle for Luther King Capital Management.

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