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Ascentium Capital Surpasses $1.5 Billion in Funded Volume

October 07, 2015, 07:03 AM
Filed Under: Industry News

Ascentium Capital announced that it surpassed $1.5 billion in funded volume since its inception on August 4, 2011. Third quarter also resulted in strong financial performance with a funded volume increase of 48 percent over the same period last year.

“Ascentium Capital’s momentum led to a remarkable third quarter. Our net investment reached $790 million, representing a 53 percent increase from the previous year,” stated Tom Depping, Chief Executive Officer at Ascentium Capital. “We continue to invest in the right infrastructure to drive efficiencies and to ensure our financial products meet the needs of the continually changing business environment nationwide.”

Ascentium continues to expand its national footprint and serves several industries including healthcare, technology, energy, franchise, and other specialized markets. Chief Sales and Marketing Officer, Richard Baccaro comments, “Our growth is driven by the talent of our people and our customized finance platform. Ascentium’s strategic niches are in growth-mode and we will be intensifying recruitment to meet the demand for our vendor programs.”

As a direct lender, Ascentium Capital specializes in providing business financing, leasing, and loans for equipment manufacturer and distributor programs as well as direct to businesses nationwide. The company is backed by the strength of leading investment firms Vulcan Capital and LKCM Capital Group, LLC.

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