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Ascentium Capital Announces Record Second Quarter

July 02, 2014, 06:37 AM
Filed Under: Corporate Earnings

Ascentium Capital announced record gains during second quarter 2014. Over the same period last year, the company obtained 57% growth in financing volume. Additionally, Ascentium Capital’s new business volume has the company ranked higher, in position 62 up from 70, on the Monitor 100 list which classifies the largest equipment leasing and financing companies in the United States.

“We’re extremely pleased with second quarter results,” said Tom Depping, Chief Executive Officer at Ascentium Capital. “Our proprietary finance process and systems deliver unprecedented flexibility allowing us to meet a broad array of manufacturer and vendor requirements. This enables us to offer a model that best meets their needs and those of their clients.” 

Ascentium Capital’s success is also driven by the talent of tenured financing personnel throughout its organization including operations, IT, customer service, marketing and sales professionals. The company continues to recruit financing sales professionals through the United States in key vertical markets.

“Our culture of success has driven our year-to-date accomplishments,” commented Richard Baccaro, Executive Vice President of Sales and Marketing. “For the first time, our sales team originated $100 million in monthly credit applications in June and we anticipate a record breaking year.” 

Ascentium Capital, as a direct lender, specializes in providing equipment financing and leasing solutions that drive growth and profit for equipment manufacturers, distributors as well as direct financing to businesses nationwide.

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