Ascentium Achieves $1.23B Funding Volume in 2018, Up 25% Y/Y
JAN 10, 2019 - 6:55 am
Ascentium Capital announced results for year-end 2018 with $1.23 billion in funded volume, representing a 25% increase over last year. Milestones for the company include the following:
Financing provided to over 83,000 SMBs since inception
Management of $2.03 billion in assets
Sales office expansion in Arizona, Michigan and New Hampshire
Ranking as the nation’s largest private-independent equipment finance company
The strategic intention of the company in 2019 is to focus attention on recruitment for the company’s national sales team in all key vertical markets, preservation of a diverse and stable portfolio, on-going development of financial sales tools and the safeguarding of positive client experiences.
“As many commercial lenders are being disrupted by the growth of the heightened fin-tech era, Ascentium is committed to remain at the forefront of developing financial products and services and enhancing our award-winning platform to meet the rapidly changing expectations of our customers. We are strongly positioned to continue our success in 2019,” commented Chief Executive Officer Tom Depping.
Ascentium Capital specializes in a broad array of vertical markets including franchise, hospitality, industrial, medical, technology and commercial vehicles. “We experienced our highest origination month on record in December with $115.4 million in volume. Using our breakthrough marketing and sales strategies and the momentum of our value-rich brand, we will focus on continuing our dominance in 2019,” remarked Richard Baccaro, chief sales and marketing officer.
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