Ascentium Capital completed $1.25 billion in annual funded volume in 2020. The company ended 2020 with $2.6 billion in managed assets, representing 8.3% growth in assets year-over-year.
“Our 2020 accomplishments are celebrated with gratitude for our associates, clients and business partners. The pandemic heightened our steadfast commitment to our business relationships, and I am very proud of how our organization responded. We look forward to 2021 and the opportunities we can help our clients capture with our financing,” Tom Depping, executive vice president and group manager at Ascentium Capital, said.
To meet business needs, Ascentium continued to invest in its financing platform. Key technology initiatives during 2020 included:
Business intelligence improvements, including data processing and invoicing
Functionality enhancements to Account Butler, the company’s client portal
Resource enrichment within customer relationship management systems
“I am very pleased that during the fourth quarter, our sales team secured 6% quarter-over-quarter funded volume growth. During 2021, we will continue to expand our sales team to meet the demand for our financing as well as continue our commitment to stay focused on the success of our clients,” Dave Lyder, senior vice president of sales and marketing at Ascentium Capital, said.
Ascentium Capital, a subsidiary of Regions Bank, provides business equipment financing, leasing and loans across the United States.
Transitioning from a third-party originator (TPO) to closing deals on your own balance sheet can be a risky endeavor without the right tools, network and drive. Professionals within this industry make the switch for a multitude of reasons, sometimes meeting... read more
Breakthrough innovation doesn’t just happen. It requires an environment of trust, teamwork and transparency to sprout and thrive in a business setting. A genuine connection with a coworker, while it can’t be mandated by your employer, doesn’t happen accidentally. Getting... read more