Ascentium Reports Strong Q2/16 Growth, Record June
JUL 7, 2016 - 7:14 am
Ascentium Capital announced funding $225.4 million during Q2/16 which includes a record month in June with origination volume representing 30% growth over the same period last year.
Second quarter of 2016 also marks the 18th consecutive quarter the company achieved profitability. Ascentium Capital’s performance is driven by diversified clients, high credit quality, and the ability to manage risk. Tom Depping, CEO at Ascentium Capital said, “This is a time of transformation that is driven by the benefits of technology and our tenured employees. We are well-positioned to help our customers, business partners and investors attain maximum value from our finance programs.”
Richard Baccaro, chief sales and marketing officer at Ascentium Capital said on the first half of the year, “Our strong results are proof that we are executing on our strategy to take market share. Our specialized finance associates develop relationships in ways that grow client loyalty.”
As a direct lender, Ascentium Capital specializes in providing a broad range of business financing, leasing and small business loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is the nation’s third largest private-independent finance company by volume and is backed by the strength of investment firms Vulcan Capital and LKCM Capital Group.
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