– Ascentium Capital
, a leading small business lender and equipment finance company, announced the company reached $1 billion in assets under its management. Additionally, the company issued a $237.5 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016‐1.
In less than five years, Ascentium Capital has expanded its national footprint and brand awareness. “Ascentium’s healthy growth to $1 billion dollars in assets is a sign that our range of products allow us to serve a diverse client base which also positively impacts our portfolio stability. This enabled our bond offering to be well received by the market as we executed our fifth securitization,” comments Tom Depping, President and CEO of Ascentium Capital.
Ascentium Capital’s sales and service approach is to create value for their clients. “We believe that the demand for our financing is attributed to our seamless finance platform and our tenured finance professionals. Our team members are driven to add convenience and flexibility throughout the finance experience as our customers drive us to be forward thinking,” remarks Richard Baccaro, Chief Sales and Marketing Officer at Ascentium Capital.
The company continues to expand into new markets, enhancing the finance products and services to meet unique vertical market needs. Ascentium Capital continues to invest in the franchise, healthcare, technology, hospitality, and petroleum industries which will drive future growth.
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of business financing, leasing and working capital loans. The company’s offering benefits equipment manufacturers and distributors 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