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Ascentium Capital Reports 25.5% Y/Y Increase in Funded Volume

April 11, 2017, 07:20 AM
Filed Under: Industry News

Ascentium Capital announced first quarter funded volume reached $225.1 million representing 25.5% growth and managed $1.6 billion in assets, representing a 37.7% increase year over year in the first quarter 2017.

Ascentium Capital also experienced a record month in March with $259.6 million in credit application volume. Tom Depping, Chief Executive Officer of Ascentium Capital commented, “Our financial relationship platform powers our performance. We continue to scale our operations and integrated infrastructure to deliver positive business outcomes that benefit our equipment vendors and small business clients nationwide.”

“Our momentum demonstrates the demand for our equipment financing programs and broad financial product offering. This will continue to drive our strong performance throughout 2017,” remarked Richard Baccaro, Chief Sales and Marketing Officer for Ascentium Capital. 

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