Ascentium Capital Hits Milestone

Ascentium Capital announced yesterday that it had surpassed $2 billion in managed assets during the third quarter of this year. It also had a 22 percent increase in funded volume over the same period last year. Altogether, the company has provided businesses with over $4 billion.

“We had another strong quarter of growth with performance driven by the diversity of our equipment vendors and repeat business efforts,” said Ascentium Capital CEO Tom Depping. “Due to the strong demand for our offering, we continue to expand our direct sales division with recruitment efforts for our offices in Texas, California and New Hampshire as well as expansion of our vendor-specialized sales personnel in Arizona, Michigan and across the nation.”

As a direct lender, Ascentium Capital provides equipment financing, leasing and small business loans, among other products. Ascentium Capital is backed by investment firm Warburg Pincus LLC, among others, and is headquartered in Kingwood, Texas.