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Ascentium Capital Announces Multi-Year Facility to Support Growth

August 07, 2013, 06:49 AM
Filed Under: Industry News

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 facilities will help drive short and long-term growth initiatives.

"Our strong operating performance enables us to continue to diversify our funding sources with leading financial organizations,” stated Tom Depping, Chief Executive Officer of Ascentium Capital. “This allows for significant flexibility to optimize our leadership position in delivering flexible financing to small businesses acquiring equipment assets. The strength and stability of these funding sources further enhance our ability to pursue and seize market opportunities."

Ascentium Capital recognizes the unique capital requirements of small businesses and is an expert advisor that specializes in providing companies with innovative equipment financing solutions. The finance programs benefit manufacturers and distributors as well as direct financing options for businesses. The company serves multiple industries nationwide and the new credit facility will allow for strategic expansion.  

Ascentium Capital LLC, as a direct lender, specializes in providing equipment financing solutions that drive growth and profit for small businesses. The company is backed by the strength of Vulcan Capital, the leading private investment firm of Paul G. Allen, and by LKCM Capital Group, LLC, the alternative investment vehicle for Luther King Capital Management, an SEC registered investment advisory firm.

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