Ascentium Capital LLC, a national commercial lender, announced that first quarter funded volume reached $225.1 million representing 25.5% growth, and managed $1.6 billion in assets, representing a 37.7% increase year over year (YOY) in the first quarter 2017.
Ascentium Capital also experienced a record month in March with $259.6 million in credit application volume. Tom Depping, Chief Executive Officer of Ascentium Capital, commented, “Our financial relationship platform powers our performance. We continue to scale our operations and integrated infrastructure to deliver positive business outcomes that benefit our equipment vendors and small business clients nationwide.”
“Our momentum demonstrates the demand for our equipment financing programs and broad financial product offering. This will continue to drive our strong performance throughout 2017,” remarked Richard Baccaro, Chief Sales and Marketing Officer for Ascentium Capital.
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.