Ascentium Capital Reports Q1/21 Funding Volume of $312MM

Ascentium Capital obtained $312 million in funding volume and managed $2.53 billion in assets during Q1/21.

“2021 marks a decade since the launch of Ascentium Capital and first quarter results are a testament to the long-term success of our business model, risk management and proprietary finance platform,” Tom Depping, executive vice president and group manager for Ascentium Capital, said. “We look forward to the country recovering from the pandemic and seeing the positive impact that will have on the clients and communities we serve.”

Ascentium Capital specializes in equipment financing for an array of industries, including commercial vehicles, energy, franchise, healthcare, industrial and technology. The company plans to continue market penetration during 2021. To support market expansion, Ascentium plans to grow its sales organization with the hiring of financial sales professionals.

“Our consistent performance is driven from our value proposition, and to meet the demand for our finance programs, we are recruiting across our national footprint. We look forward to capturing even greater market share this year,” David Lyder, senior vice president of sales and marketing for Ascentium Capital, said.

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.