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Ascentium Capital Announces Record Momentum, 57% Growth

January 09, 2015, 07:10 AM
Filed Under: Industry News

Ascentium Capital announced significant growth as the company funded $440,000,000 in transactions during 2014, representing a 57% increase over last year.

Ascentium has momentum for long-term success and has a 2015 business plan focused on organic sales growth in key markets while maintaining focus on a healthy portfolio and a strong net income. “Businesses are strategically leveraging our unique financing capabilities and this is driving the demand for our finance programs across the United States. We have an exciting growth proposition, and in 2015, we’ll provide new products, continue to streamline the finance process for clients, and launch valuable online vendor tools that enable us to comprehensively integrate financing into their business models. Our past achievements and future initiatives remain critically tied to our people and processes and this is where we will continue to invest our resources,” commented Chief Executive Officer, Tom Depping.

2014 Company Highlights

  • Earned Moody’s Investors Service and DBRS’ highest ratings of Aaa and AAA respectively, on senior class of asset-backed notes
  • Enhanced the efficiency-based finance model driven by the company’s technology platform
  • Expanded the company’s national sales offices with representation in over 20 states

Due to Ascentium’s success, the organization is attracting the industry’s top finance professionals. “Each of our strategic markets are in growth-mode. Our salesforce is prepared with a proactive strategy to win business and to help clients prepare for their own growth,” says Richard Baccaro, EVP of Sales and Marketing.

Ascentium Capital specializes in providing equipment financing, leasing, and business loans for equipment manufacturers and distributors as well as direct to businesses nationwide. In just three years, the company has obtained the ranking as the fifth largest private-independent finance company by volume in the United States.

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