Ascentium Capital LLC, a national commercial lender, was announced as the largest private independent finance company in annual funded new business volume by the Monitor, a publication serving the equipment finance industry. Ascentium Capital rose from third place to first in the rankings during 2016, with year-end funded volume reaching $898.5 million.
Tom Depping, Chief Executive Officer of Ascentium Capital commented, “We made impressive progress growing Ascentium since our founding just over five years ago. We are honored to be ranked as the largest independent finance company, which is a testament to the strength of our platform and the dedication of our employees who deliver exceptional service and support to our small business customers. We will remain focused on expanding our reach in specialized markets including franchise, healthcare, petroleum and technology while continuing to invest in new products and technology to further enhance the financing experience.”
“The equipment financing industry is extremely competitive and our ability to grow our market share demonstrates the tremendous value we deliver to our equipment vendors and business clients nationwide,” stated Richard Baccaro, Chief Sales and Marketing Officer for Ascentium Capital. “With the strength of our specialized team members and client relationships, we are well positioned to continue our success.”
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. For more information, please visit AscentiumCapital.com.