Ascentium Capital reported $898.5MM in funded volume, representing a 28% increase over last year. Highlights for the company during 2016 included:
- Management of $1.2 billion in assets representing 33% growth
- Launch of the Merchant Finance division
- Employ over 230 national finance professionals
- Launch of the comprehensive MyAscentium partner portal
Applying a deep understanding of key markets combined with a leading decision platform, enables the company to scale operations, experience growth, and effectively manage risk. The company’s business plan for 2017 is focused on expanding into specialized niches and evaluating strategic acquisition opportunities. “Ascentium’s unique combination of people, products, and processes allow us to be a force in SMB financing, and growth will be fueled by all business segments,” comments Chief Executive Officer, Tom Depping.
“We established significant momentum and Ascentium is well-positioned to implement breakthrough marketing and sales strategies. To continue our dominance, we will invest in national sales recruitment and continue to enhance our client relationship platform,” remarks Richard Baccaro, Chief Sales and Marketing Officer.
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. Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC.