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Ascentium Capital Achieves Record Origination Quarter with $326.5MM in Funded Volume

July 12, 2018, 07:15 AM
Filed Under: Industry News

Ascentium Capital LLC announced strong growth during second quarter 2018. The company funded $326.5 million during the quarter, representing a 28 percent increase in volume over the same period last year. Since inception, the company has funded $4.3 billion and currently manages $1.9 billion in assets. 

“Our recent office opening in Scottsdale, Arizona, combined with our increasing market share are a testament to our tactical growth initiatives. We look forward to accelerating our momentum and experiencing additional record-breaking months ahead,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

Ascentium Capital’s main sales channels are equipment vendors and direct to small businesses. The company continues to invest heavily in recruitment and sales training, technology and marketing assets to continue building the brand.

“We are very excited about the record we broke this quarter in originations. The value we deliver via our finance programs resonates strongly with equipment providers and businesses across the country,” said Richard Baccaro, Chief Sales and Marketing Officer.

As a direct lender, Ascentium Capital specializes in providing a broad range of financing, leasing and small business loans. Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC.

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