Ascentium Capital LLC, a leading national commercial lender, experienced a strong first quarter funding $278 million representing 24% YOY growth, the highest origination quarter in the company’s history.
Ascentium Capital was also announced as the largest private independent finance company in annual funded new business volume by the Monitor for a second consecutive year. Tom Depping, Chief Executive Officer at Ascentium Capital comments, “I am extremely pleased with first quarter results and the contributions that our employees make to build the Ascentium brand and create a national demand for our financing programs. These on-going efforts enable us to capture market share.”
The company had a record-breaking quarter for credit application submissions, representing $730 million for the quarter with $295 million submitted during March. “We continue to see remarkable success due to our proven value in the industries we serve,” remarked Richard Baccaro, Chief Sales and Marketing Officer at Ascentium Capital. “Our collective goal as an organization is to support and drive the success of our valued partners and customers. We anticipate another strong year in growth and expansion in 2018.
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.