Ascentium Capital announced strong growth in volume during third quarter 2016. The company obtained a 30% increase in originations over the same period last year.

"We are investing in our product offering and delivery of exceptional service by implementing new technologies that enable us to capture new revenue in high-growth markets," said Tom Depping. "We will also continue to deploy capital to position Ascentium Capital as the financier of choice in the equipment leasing and small business financing sectors.”

Highlights for the quarter included sustained strength in key areas including technology, commercial vehicles and healthcare. “The strategic investments in our diversified business model resonate with our equipment vendors and small business clients,” comments Richard Baccaro, Chief Sales and Marketing Officer. Ascentium Capital continues national recruitment efforts for tenured financial sales professionals and has expanded the Orange County sales office to accommodate its rapid growth in California. 

As a direct lender, Ascentium Capital LLC specializes in providing a broad range of financing, leasing and small business loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide.