Ascentium Capital Increased Funding Volume by 14% in 2021
FEB 4, 2022 - 6:10 am
Ascentium Capital exceeded its own projections in Q4/21, achieving $374.6 million in funding volume during the quarter and ending the year at $1.43 billion in funding volume, which was up 14% compared with 2020.
“Business owners and managers are working every day to build successful strategies for the future, and Ascentium Capital is proud to be on the frontlines with these companies, connecting them with financial solutions that can help them not only meet their financial objectives, but also grow and thrive in a competitive environment,” Tom Depping, executive vice president and group manager of Ascentium Capital, said. “Certainly, the pandemic has prompted many industries to reassess their financial needs, and constant innovation means the equipment needs of companies from many sectors will continue to evolve. We are proud to have delivered strong results for our clients in 2021 based on our experience and insights. Additionally, we are proud to be part of Regions Bank, a company dedicated to meeting the holistic needs of business clients. We look forward to building on our progress in 2022 by taking a client-focused, team-based approach toward helping customers access the equipment and tools they need in an effective and efficient manner.”
Since its inception in 2011, Ascentium Capital has provided $8.9 billion in specialized equipment financing and business loans to commercial entities in the Unites States.
“I’m very proud of everything this team accomplished coming off a year characterized by unprecedented market disruption,” David Lyder, senior vice president of sales and marketing for Ascentium Capital, said. “We’ve played a key role in helping our customers build their businesses. To ensure we’re supporting our constituents to the best of our ability, we continue to invest in new offers, technology and operational efficiencies. Additionally, we are building our sales teams to deliver more personalized service.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
There’s much talk about the need for innovation and focusing on well-being in our teams. But what does that look like day-to-day? What if we bring those two ideas together and focus on the human side to create safety to... read more
Dr. Arin N. Reeves, president and managing director of Nextions, a work culture advisory firm, found herself transitioning from practicing law to focusing on diversity, equity and inclusion in the workplace more than 25 years ago, but she says the... read more