FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Ascentium Capital Hits Record Annual Funding Volume of $1.23B

January 10, 2019, 07:25 AM
Filed Under: Industry News

Ascentium Capital LLC announces results for year-end 2018 with $1.23 billion in funded volume, representing a 25 percent increase over last year. Milestones for the company include the following:

  • Financing provided to over 83,000 SMBs since inception
  • Management of $2.03 billion in assets
  • Sales office expansion in Arizona, Michigan and New Hampshire
  • Ranking as the nation’s largest private-independent equipment finance company.

The strategic intention of the company in 2019 is to focus attention on recruitment for the company’s national sales team in all key vertical markets, preservation of a diverse and stable portfolio, on-going development of financial sales tools and the safeguarding of positive client experiences.

“As many commercial lenders are being disrupted by the growth of the heightened fin-tech era, Ascentium is committed to remain at the forefront of developing financial products and services and enhancing our award-winning platform to meet the rapidly changing expectations of our customers. We are strongly positioned to continue our success in 2019,” said Chief Executive Officer, Tom Depping.

Ascentium Capital specializes in a broad array of vertical markets including franchise, hospitality, industrial, medical, technology and commercial vehicles.

“We experienced our highest origination month on record in December with $115.4 million in volume. Using our breakthrough marketing and sales strategies and the momentum of our value-rich brand, we will focus on continuing our dominance in 2019,” 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.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.