Ascentium Capital, a national commercial lender providing comprehensive finance solutions announced the celebration of five years in business. Ascentium Capital was founded on the foresight to develop a technologically progressive finance company that serves businesses by providing affordable access to capital, quickly and efficiently. During the first five years, Ascentium Capital has provided over $2 billion in financing nationwide.
“We are grateful for the trust that our equipment vendors and clients place in us and very proud of our employees who helped us get here. Our mission to assist businesses has driven the company to add value, convenience and flexibility throughout the finance experience,” remarks Tom Depping, President and CEO of Ascentium Capital.
Ascentium Capital’s executive management team brings over 150 years of combined experience in commercial lending. Today the company offers a comprehensive suite of financial products that can be tailor-made to bring about a meaningful difference to our clients. These efforts drive organic growth and capture market share in specialized industries including technology, healthcare, franchise, and telecommunication. Key accomplishments include:
- Manage over $1.2 billion in assets
- Profitable for 18 consecutive quarters
- Average annual origination growth rate of 45% since inception
- AAA ratings from Moody’s and DBRS on senior class of notes
- National sales offices with representation in over 30 states
“We pride ourselves on staying in touch with our customers allowing us to anticipate their needs. Our consultative approach to business financing has long been a proponent under which our employees create value for our clients," said Richard Baccaro, Chief Sales and Marketing Officer.
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of financing, leasing and working capital loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firms Vulcan Capital and LKCM Capital Group, LLC.