Ascentium Capital Reports 21.2% Growth in Q3, Surpasses $7.1B in Financing Since 2011

Ascentium Capital reported quarter-over-quarter growth of 21.2% in Q3/20. The company has provided more than $7.1 billion in financing since 2011, reaching a new funding milestone.

“Ascentium Capital’s quarterly results reflect our goal to stay committed to our clients and provide a consultative approach to business financing,” Tom Depping, executive vice president and Ascentium group manager, said. “This differentiates us in the market, especially during the COVID-19 pandemic. Our business clients appreciate our value-driven methods and this enables us to capture repeat business as well as drive organic growth.”

Since 2011, Ascentium Capital has provided financing to more than 125,000 organizations across the United States and currently manages more than $2.5 billion in assets. The company specializes in financing for an array of industries, including commercial vehicles, energy, franchise, healthcare and technology.

“Our market diversification, credit model and disciplined sales and marketing approach have been extremely beneficial in helping us positively impact results and reach a new funding milestone,” David Lyder, senior vice president of sales and marketing for Ascentium, said. “I’m very proud that all departments within Ascentium are staying focused on delivering value and customized solutions to our client relationships.”

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!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

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.