Ascentium Capital reported a 28% Q1/16 increase in volume compared to the same period last year. Additionally, assets for the company are around $980 million, representing a 32% year-over-year increase.

“We continue enhancing and expanding our small business finance products and services,” said Tom Depping, CEO at Ascentium Capital. “These investments positively impact our offering that differentiates Ascentium in the market. This enables us to expand our remarkable network of equipment vendors and small business clients.”

Part of the company’s growth initiatives in 2016 will be to recruit tenured finance managers within technology, franchise, hospitality and healthcare.

“We continue to invest heavily in the growth of our specialized sales force and refine the finance experience to ensure it is best-in-class. This will drive our continued success,” said Richard Baccaro, chief sales and marketing officer.

Ascentium Capital was ranked as the third largest private-independent finance company by volume in the U.S. by the Monitor.