Ascentium Capital reported Q1/17 funded volume of $225.1 million, representing 25.5% growth year-over-year. The company also managed $1.6 billion in assets, representing a 37.7% increase year-over-year.

Ascentium Capital also experienced a record month in March with $259.6 million in credit application volume.

Tom Depping, CEO of Ascentium Capital, said, “Our financial relationship platform powers our performance. We continue to scale our operations and integrated infrastructure to deliver positive business outcomes that benefit our equipment vendors and small business clients nationwide.”

“Our momentum demonstrates the demand for our equipment financing programs and broad financial product offering. This will continue to drive our strong performance throughout 2017,” said Richard Baccaro, chief sales and marketing officer for Ascentium Capital.