Ascentium Capital on the rise

Texas-based independent finance company Ascentium Capital has announced strong growth during first quarter 2015, with volumes up 77.3% compared with the same period last year and assets now close to $743 million, marking a 69.3% increase.

“Ascentium experienced a historic first quarter, in no small part due to our focus on providing results-driven vendor financing programs and outstanding customer financing experiences to businesses,” said Tom Depping, CEO at Ascentium Capital. “We will continue to expand our footprint throughout the year, building further demand for our financing in key markets including franchise, healthcare, hospitality, IT, and petroleum.”

Depping said the proprietary finance platform and market strategy at Ascentium Capital are key drivers in meeting strategic business goals. As a direct lender, the company specializes in providing business financing, leasing, and loans for equipment manufacturers and distributors as well as direct to businesses nationwide.

“We are growing brand awareness and this will ignite growth to ensure we have a successful future,” commented Richard Baccaro, chief sales and marketing officer at Ascentium Capital. “We continue to attract the top finance professionals in our industry and will expand our specialized salesforce throughout the year.”

The company is backed by leading private investment firms Vulcan Capital and LKCM Capital Group, and was recently ranked third largest private finance company by volume in the equipment finance industry.