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Ascentium Capital Reports 26% Growth in Funded Volume

July 09, 2019, 07:30 AM
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Ascentium Capital LLC reported $394.6 million in funded volume during the second quarter, representing a 26 percent increase quarter-over-quarter and the management of $2.3 billion in assets. The company has experienced four consecutive months of record funding volume.

“Ascentium has secured significant momentum through our deep market specialization combined with a decision platform that helps us identify more customers inside our risk profile while meeting the goal to deliver fast lending decisions. Additional investments in our operational systems will allow us to be a continued force in equipment financing,” said Chief Executive Officer Tom Depping.

Ascentium Capital continues to expand its sales organization with tenured vendor and direct representatives. Sales personnel may work remotely or in the company’s major office locations, including Arizona, California, Michigan, New Hampshire, New Jersey and Texas.

“Our sales and marketing strategy continues to capture market share as we accelerate investment in our national sales recruitment, said Richard Baccaro, Chief Sales and Marketing Officer at Ascentium Capital. “Ascentium University sales training program and our technology platform. We look forward to a successful second half of 2019.”

As a direct lender, Ascentium Capital specializes in providing a broad range of financing, leasing and small business loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide.

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