Ascentium Capital funded $278 million in Q1/18 representing 24% year-over-year growth, the highest origination quarter in the company’s history.

Ascentium Capital also was named the largest private independent finance company in annual funded new business volume by the Monitor for a second consecutive year.

Tom Depping, CEO at Ascentium Capital, said, “I am extremely pleased with first quarter results and the contributions that our employees make to build the Ascentium brand and create a national demand for our financing programs. These on-going efforts enable us to capture market share.”

The company had a record-breaking quarter for credit application submissions, representing $730 million for the quarter with $295 million submitted during March.

“We continue to see remarkable success due to our proven value in the industries we serve,” remarked Richard Baccaro, chief sales and marketing officer at Ascentium Capital. “Our collective goal as an organization is to support and drive the success of our valued partners and customers. We anticipate another strong year in growth and expansion in 2018.”