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Ascentium Capital Announces Record Second Quarter Growth

July 15, 2015, 06:40 AM
Filed Under: Industry News

Ascentium Capital announced strong financial results for the quarter ended June 30, 2015, with a record funded volume increase of 51% over the same period last year.

“We had an impressive second quarter with assets reaching $773 million, representing a 55% increase,” commented Tom Depping, Chief Executive Officer at Ascentium Capital. “Performance continues to be driven by the diversity and strength of our equipment vendor relationships and our flexible product offering that complements the capital acquisition needs of small businesses.”

Ascentium Capital is ranked by the Monitor as the third largest private-independent finance company by new business volume. “Ascentium’s sales activity has strong momentum due to our specialized business development managers, customized marketing, and our proprietary platform. Combined, these propelled our credit application activity which increased 59%,” remarked Richard Baccaro, Chief Sales and Marketing Officer.

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