Ascentium Capital LLC announced strong growth during second quarter 2018. The company funded $326.5 million during the quarter, representing a 28% 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,” remarks 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,” comments Richard Baccaro, Ascentium Capital’s Chief Sales and Marketing Officer.
As a direct lender, Ascentium Capital LLC 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 the strength of leading investment firm Warburg Pincus LLC. For more information, please visit AscentiumCapital.com.