Ascentium Sees 26% Growth in Funded Volume in Q2/2019

Ascentium Capital reported $394.6 million in funded volume during the second quarter of 2019, representing a 26% increase quarter-over-quarter and the management of $2.3 billion in assets.

The company has experienced four consecutive months of record funding volume.

“Ascentium has secured significant momentum through our deep market specialization combined with a decision platform that helps us identify more customers inside our risk profile while meeting the goal to deliver fast lending decisions. Additional investments in our operational systems will allow us to be a continued force in equipment financing,” said Ascentium CEO Tom Depping.

Ascentium Capital also continued to expand its sales organization with tenured vendor and direct representatives. Sales personnel may work remotely or in the company’s major office locations including Arizona, California, Michigan, New Hampshire, New Jersey and Texas.

Richard Baccaro, chief sales and marketing officer at Ascentium, remarked, “Our sales and marketing strategy continues to capture market share as we accelerate investment in our national sales recruitment, Ascentium University sales training program and our technology platform. We look forward to a successful second half of 2019.”

Ascentium Capital is a direct lender which specializes in providing a broad range of financing, leasing and small business loans.

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