Ascentium Capital Celebrates Fifth Anniversary



Ascentium Capital is celebrating its five-year anniversary this month. During its first five years, the company has provided more than $2 billion in financing nationwide.

“We are grateful for the trust that our equipment vendors and clients place in us and very proud of our employees who helped us get here,” said Tom Depping, president and CEO of Ascentium Capital. “Our mission to assist businesses has driven the company to add value, convenience and flexibility throughout the finance experience.”

Since entering the market, Ascentium Capital has entered the technology, healthcare, franchise and telecommunication sectors. In addition, the company has managed over $1.2 billion in assets, been profitable in 18 consecutive quarters, had an average annual origination growth of 45%, earned AAA ratings from Moody’s and DBRS on senior class of notes and opened national sales offices in more than 30 states.

“We pride ourselves on staying in touch with our customers allowing us to anticipate their needs,” said Richard Baccaro, chief sales and marketing officer. “Our consultative approach to business financing has long been a proponent under which our employees create value for our clients.”


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!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com