Ascentium Capital announced that it surpassed $1 billion in funded volume since its inception on August 4, 2011. 

Tom Depping, Ascentium Capital’s President and CEO stated, “Three years ago we started witnessing a major shift in the industry toward the requirement for simplified financing that focused on delivering strategic business outcomes. We knew there was a significant opportunity to distinguish our brand as the preferred lender for business equipment financing, leasing, and loans. The growth over the last three years has been driven by the talent of our people, processes, and proprietary finance platform.”

Ascentium provides custom financing programs and specializes in several industries including healthcare, technology, energy, franchise, and other key markets. Executive VP of Sales and Marketing, Richard Baccaro, reviewed the actions taken in the past year to position the company for strategic growth. “Being the financier of choice requires on-going evolution,” Baccaro said. “Through carefully considered moves at every level of Ascentium, we made great progress in 2014. We’ll remain focused on organizational performance and continuous improvement.”