Ascentium Capital LLC announced it achieved $1.25 billion in annual funded volume. The company ended 2020 with $2.6 billion in managed assets representing 8.30 percent growth in assets year-over-year.
“Our 2020 accomplishments are celebrated with gratitude for our associates, clients and business partners. The pandemic heightened our steadfast commitment to our business relationships, and I am very proud of how our organization responded. We look forward to 2021 and the opportunities we can help our clients capture with our financing,” said Tom Depping, Executive Vice President, Ascentium Group Manager.
Since the Company’s inception in 2011, Ascentium Capital has provided over $7.5 billion in financing to clients across the United States. The company serves small and medium size businesses including equipment manufacturers and distributors. To meet the broad array of business needs, the company continually invests in its financing platform. Key technology initiatives during 2020 included:
- Business intelligence improvements including data processing and invoicing
- Functionality enhancements to the client portal Account Butler
- Resource enrichment within the customer relationship management systems
“I am very pleased that during the fourth quarter our sales team secured six percent quarter-over-quarter funded volume growth. During 2021, we will continue to expand our sales team to meet the demand for our financing as well as continue our commitment to stay focused on the success of our clients,” said Dave Lyder, Senior Vice President, Ascentium Sales and Marketing.
Ascentium Capital LLC is a subsidiary of Regions Bank.