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Ascentium Capital Reports Record-breaking First Quarter

April 05, 2018, 07:11 AM
Filed Under: Industry News

Ascentium Capital LLC experienced a strong first-quarter funding $278 million representing 24 percent year over year growth--the highest origination quarter in the company’s history.

“I am extremely pleased with first-quarter results and the contributions that our employees make to build the Ascentium brand and create a national demand for our financing programs. These on-going efforts enable us to capture market share,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

Ascentium Capital was also announced as the largest private independent finance company in annual funded new business volume by the Monitor for a second consecutive year.

The company had a record-breaking quarter for credit application submissions, representing $730 million for the quarter with $295 million submitted during March.

“We continue to see remarkable success due to our proven value in the industries we serve,” said Richard Baccaro, Chief Sales and Marketing Officer. “Our collective goal as an organization is to support and drive the success of our valued partners and customers. We anticipate another strong year in growth and expansion in 2018."

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