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Ascentium Tops $5B in Funded Volume Since Inception; Posts Strong Q1

April 10, 2019, 07:30 AM
Filed Under: Company Announcements

Ascentium Capital LLC announced first-quarter funded volume of $314.3 million, representing a 13.5 percent increase over the same period last year and managed assets at $2.1 billion.

Recent milestones for the company include surpassing $5 billion in funded volume since 2011 and achieving a record funding month in March with $121.5 million in volume. Among the industries driving Ascentium’s growth were healthcare, hospitality, technology, commercial vehicles, franchise and petroleum.

“Much of our healthy growth is due to the demand for our lending capabilities, technology platform and the expertise of our employees. We continue to drive innovation while achieving strong and stable financial results,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

The company continues to invest in financial products and services most sought-after by equipment vendors and SMBs.

“We continue to build an environment where our sales force has the opportunity to double volume annually which enables us to attract the best personnel in the industry. We continue to recruit across the nation to ensure we have a successful future,” 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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