Ascentium Capital achieved a 44% increase on total assets and a 56% increase in funded volume year-over-year in 2015.
“In less than five years, Ascentium Capital has become a game changer in the equipment financing sector through its technology infrastructure, flexible product offering, and customized vendor programs developed by our sales, marketing and service personnel,” said Tom Depping, CEO at Ascentium Capital. “Our professional talent has helped us achieve transformative results that will continue to drive growth in 2016.”
In 2015, Ascentium recorded $686 million in funded volume in 2015 and had $936 million in total assets. More than 80% of new business was driven through the equipment vendor channel and healthcare and technology became the company’s fastest growing divisions.
“We have rightly earned the trust of our customers and partners and we’re pleased with the company’s achievements during the past year,” said Richard Baccaro, chief sales and marketing officer. “Niche specialization and expansion will continue to be a major focus in 2016.”
As a direct lender, Ascentium Capital specializes in providing a broad range of business financing, leasing and working capital loans.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No categories available