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Ascentium Capital Surpasses $2 Billion in Managed Assets

October 09, 2018, 07:25 AM
Filed Under: Industry News

Ascentium Capital, the nation’s largest private-independent finance company, reached $2 billion in managed assets during third quarter and obtained a 22 percent increase in funded volume over the same period last year.

“We had another strong quarter of growth with performance driven by the diversity of our equipment vendors and repeat business efforts. Due to the strong demand for our offering, we continue to expand our direct sales division with recruitment efforts for our offices in Texas, California and New Hampshire as well as expansion of our vendor-specialized sales personnel in Arizona, Michigan and across the nation. This lays the groundwork to ensure momentum continues next year,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

“Ascentium recently enhanced its vendor finance program to further help equipment providers capture sales with greater flexibility and heightened efficiency. This is helping drive high organic sales activity. The right expertise, the ability to listen to clients, our award-winning platform and customized offering are our competitive cornerstones,” 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. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by leading investment firm Warburg Pincus LLC.

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