Ascentium Capital LLC announced continued growth during the third quarter of 2021. Financing volume increased $82 million, up 26 percent from the prior-year period. Strategic execution and ongoing economic recovery resulted in strong performance this quarter.

“Ascentium remains focused on delivering an exceptional customer experience supported by operational efficiencies, service excellence and competitive financing products. These core competencies are resonating with our clients and contributing to our positive momentum going into the fourth quarter,” said Tom Depping, Executive Vice President and Ascentium Group Manager.

Ascentium Capital offers specialized equipment financing and business loans to commercial entities 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.

“Quarter-over-quarter originations growth remains steady as we continue to satisfy our customers’ demands,” added David Lyder, Senior Vice President of Ascentium Sales and Marketing. “We are recruiting additional sales resources and refining existing products to keep pace with, and anticipate, our customers’ needs. Our top priority is helping our customers grow their businesses.”

Ascentium Capital LLC is a subsidiary of Regions Bank.