KINGWOOD, TX – Ascentium Capital, a leader in providing commercial financing across the United States, announced strong financial results for the quarter ended June 30, 2015, with a record funded volume increase of 51% over the same period last year.
“We had an impressive second quarter with assets reaching $773 million, representing a 55% increase,” commented Tom Depping, Chief Executive Officer at Ascentium Capital. “Performance continues to be driven by the diversity and strength of our equipment vendor relationships and our flexible product offering that complements the capital acquisition needs of small businesses.”
Ascentium Capital is ranked by the Monitor as the third largest private-independent finance company by new business volume. “Ascentium’s sales activity has strong momentum due to our specialized business development managers, customized marketing, and our proprietary platform. Combined, these propelled our credit application activity which increased 59%,” remarked Richard Baccaro, Chief Sales and Marketing Officer.
As a direct lender, Ascentium Capital specializes in providing business financing, leasing, and loans for equipment manufacturer and distributor programs as well as direct to businesses nationwide. The company is backed by the strength of leading investment firms Vulcan Capital and LKCM Capital Group, LLC. For more information, please visit AscentiumCapital.com.