Ascentium Capital reported a first quarter 2020 funded volume of $366.5 million, representing a 17.4% increase and $2.4 billion in managed assets, representing a 14% increase over the same period last year.
“While going through unprecedented times with COVID-19, Ascentium is staying focused on helping businesses succeed with our financial offering,” commented Tom Depping, executive vice president, Ascentium Group Manager. “Organizational initiatives remain stable with the strength of our tenured management team and our proprietary technology. We anticipate an evolving economy but serve a broad array of markets which supports portfolio diversification.”
Ascentium Capital’s priority during the COVID-19 situation remains the well-being of employees, clients and communities across the U.S. Ascentium has implemented a comprehensive continuity plan that maintains operations with the ability to serve equipment providers and business clients with mobile-enabled technology and remote-location procedures. Business practices remain committed to credit quality, asset management and client service.
“Our organization quickly pivoted sales and service strategies during first quarter to meet the needs of equipment vendors and the businesses we serve,” remarked Richard Baccaro, senior vice president, Ascentium Sales and Marketing. “We remain dedicated to our business development initiatives, remote recruiting efforts and collaboration with our clients.”
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