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.
Active members of the equipment leasing and finance industry are often familiar with the super-priority rule contained in Article 9 of the UCC. Under certain circumstances, this rule allows a party that takes possession of chattel paper in connection with... read more
The overall market conditions in the construction equipment industry can best be described as a mixed bag, and your views on it depend greatly upon which channel your business falls into. If you are a manufacturer, dealer or rental company,... read more