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Ascentium Capital Obtains Q1 Funding Volume of $312MM

April 27, 2021, 07:20 AM
Filed Under: Industry News

Ascentium Capital LLC announced obtaining $312 million in funding volume and managing $2.53 billion in assets during the first quarter.   

“2021 marks a decade since the launch of Ascentium Capital and first-quarter results are a testament to the long-term success of our business model, risk management and proprietary finance platform,” said Tom Depping, Executive Vice President, Ascentium Group Manager. “We look forward to the country recovering from the pandemic and seeing the positive impact that will have on the clients and communities we serve.”

Ascentium Capital, a subsidiary of Regions Bank, specializes in equipment financing for a broad array of industries including commercial vehicles, energy, franchise, healthcare, industrial and technology. Customized finance programs are developed for equipment manufacturers and distributors as well as for small to medium sized businesses nationwide. The company plans to continue market penetration during 2021.

To support market expansion, Ascentium plans to grow its sales organization with the hiring of tenured financial sales professionals. “Our consistent performance is driven from our value proposition and to meet the demand for our finance programs, we are recruiting across our national footprint. We look forward to capturing even greater market share this year,” said David Lyder, Senior Vice President, Ascentium Sales and Marketing.

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