Ascentium Capital Reports 26% Y/Y Increase in Financing Volume in Q3/21

Ascentium Capital reported continued growth in Q3/21, with the company’s financing volume increasing $82 million, which was up 26% compared with Q3/20.

“Ascentium remains focused on delivering an exceptional customer experience supported by operational efficiencies, service excellence and competitive financing products,” Tom Depping, executive vice president and group manager for Ascentium Capital, said. “These core competencies are resonating with our clients and contributing to our positive momentum going into the fourth quarter.”

Ascentium Capital offers specialized equipment financing and business loans to commercial entities across the United States. The company also provides customized finance programs for equipment manufacturers and distributers to help businesses in an array of sectors, including commercial vehicles, energy, franchise, healthcare, industrial and technology.

“Quarter-over-quarter originations growth remains steady as we continue to satisfy our customers’ demands,” David Lyder, senior vice president of sales and marketing at Ascentium Capital, said. “We are recruiting additional sales resources and refining existing products to keep pace with, and anticipate, our customers’ needs. Our top priority is helping our customers grow their businesses.”

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