Ascentium Capital LLC, a national commercial lender, announced strong growth during the second quarter of 2021. The company achieved 41 percent origination growth year-over-year during the quarter. The growth is reflective of the economic recovery being experienced nationwide following the impacts of the COVID-19 pandemic.
“The company’s continued growth highlights the dedication of Ascentium associates to providing financial solutions focused on our equipment vendors and business clients,” said Tom Depping, Executive Vice President, Ascentium Group Manager.
Ascentium Capital offers specialized equipment financing and business loans to businesses nationwide. The company also provides customized finance programs for equipment manufacturers and distributers with simplified application procedures to help businesses in a broad array of industries including commercial vehicles, energy, franchise, healthcare, industrial and technology.
“We have achieved 15 percent growth quarter-over-quarter in originations, influenced by our increased operational and sales efficiencies to enhance the delivery of ongoing value to our customers.” said David Lyder, Senior Vice President, Ascentium Sales and Marketing. “Our tenured national sales force is highly skilled in working with our customers to meet their financing business requirements to assist in growing their business.”
Ascentium Capital LLC is a subsidiary of Regions Bank.