Ascentium Capital LLC, a leader in small business financing, announced a record quarter in origination volume, reaching $255.7 million. This represents a 14.0% increase quarter-over-quarter.
“Our people and our finance platform deliver unprecedented flexibility and speed. This enabled us to reach a new milestone during second quarter. Ascentium now averages over $225 million a month in loan applications. We are very pleased with our service levels and our second quarter results,” remarked Tom Depping, Chief Executive Officer at Ascentium Capital.
Ascentium Capital employs over 110 business development representatives throughout the United States and continues to expand. “The demand for our financing programs corresponds to our expanding footprint as we recruit experienced sales representatives to assist in our growth,” commented Richard Baccaro, 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.