In 2016, Ascentium Capital reported $898.5 million in funded volume, representing a 28% increase compared to 2015.
During the year Ascentium managed $1.2 billion in assets (representing 33% growth), launched a merchant finance division, employed more than 230 national finance professionals and launched its MyAscentium partner portal.
The company’s business plan for 2017 is focused on expanding into specialized niches and evaluating strategic acquisition opportunities.
“Ascentium’s unique combination of people, products and processes allow us to be a force in SMB financing, and growth will be fueled by all business segments,” said Tom Depping, CEO.
“We established significant momentum and Ascentium is well-positioned to implement breakthrough marketing and sales strategies. To continue our dominance, we will invest in national sales recruitment and continue to enhance our client relationship platform,” said Richard Baccaro, chief sales and marketing officer.
As a direct lender, Ascentium Capital specializes in providing financing, leasing and small business loans.
This year, Cisco Capital celebrates its 20th anniversary. Amid the celebrations of reaching this considerable milestone, we reflected on the past two decades and recognized several insights into both the evolution of technology vendor finance and the technology industry as... read more
Do you remember where were you on April 10, 2015? If that date doesn’t ring any bells, here’s a reminder: That was the day Jeff Immelt, chairman and CEO of General Electric, announced that GE would be selling off most... read more