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Ascentium Capital Reports 21% Growth, Tops $7.1B Funding Milestone

October 27, 2020, 07:22 AM
Filed Under: Industry News

Ascentium Capital LLC announced quarter-over-quarter growth of 21.2 percent. The company has provided over $7.1 billion in financing since 2011, reaching a new funding milestone.

“Ascentium Capital’s quarterly results reflect our goal to stay committed to our clients and provide a consultative approach to business financing. This differentiates us in the market especially during the COVID-19 pandemic. Our business clients appreciate our value-driven methods and this enables us to capture repeat business as well as drive organic growth,” commented Tom Depping, Executive Vice President, Ascentium Group Manager.

Since 2011, Ascentium Capital has provided financing to over 125,000 organizations across the United States and currently manages more than $2.5 billion in assets. The company specializes in financing for a broad array of industries including commercial vehicles, energy, franchise, healthcare and technology.

“Our market diversification, credit model and disciplined sales and marketing approach have been extremely beneficial in helping us positively impact results and reach a new funding milestone. I’m very proud that all departments within Ascentium are staying focused on delivering value and customized solutions to our client relationships,” said David Lyder, Senior Vice President, Ascentium Sales and Marketing.

Ascentium Capital LLC is a subsidiary of Regions Bank.

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