Ascentium Capital LLC, a national commercial lender, continued its positive momentum in the second quarter of 2022, achieving $480.8 million in financed volume. The company saw a record number of applications and approvals in this time frame, exceeding Q2 2021 volume by $122.9 million or 34.3%.
“Demand for financing continues to be strong across the markets we serve,” said David Lyder, senior vice president of Ascentium Sales & Marketing. “Bolstered by competitive products, streamlined operations, and strong relationships, Ascentium Capital continues to elevate our customers’ potential. Small and mid-sized businesses are finding ways to adapt and thrive in any situation.”
Ascentium Capital offers specialized equipment financing and business loans to commercial entities nationwide facilitated by a fast, frictionless process. The company also provides customized finance programs for equipment manufacturers and distributors with simplified application procedures to help businesses in a broad array of industries including commercial vehicles, energy, franchise, healthcare, industrial, and technology.
“I’m proud of the hard work and client focus that our Ascentium Capital associates exhibit day in and day out,” added Thomas Depping, executive vice president and Ascentium group manager. “Consistently hitting our targets in not only origination volume, but also portfolio performance, is a testament to the dedication of this team. The passion that our folks have for helping our clients succeed is one of our greatest strengths.”
About Ascentium Capital LLC
Ascentium Capital LLC, a subsidiary of Regions Bank, specializes in providing a broad range of business equipment financing, leasing, and loans across the United States. The Company’s offering is designed to benefit equipment manufacturers and distributors as well as direct to businesses nationwide. For additional information about Ascentium and its business financing products and services, please visit AscentiumCapital.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $161 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
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