KINGWOOD, Texas -- Ascentium Capital LLC, a private-independent finance company, announced it surpassed $1 billion in annual funded volume for the first time in the organization’s history.
The company manages $1.9 billion in assets and funded $3.7 billion since 2011. Ascentium Capital experienced other key accomplishments during 2017:
- Named the largest private independent finance company in the United States by the Monitor, a publication serving the equipment finance industry
- Recognized as Best Business Lending Platform with FinTech Breakthrough Award Designation
- Completed eight small ticket equipment securitizations since inception
- Awarded Houston Business Journal’s Fast 100 based on growth
“These significant milestones are celebrated with gratitude for our employees, clients and business partners,” said Tom Depping, CEO at Ascentium Capital. “This represents our unwavering commitment and focus on providing customers with unmatched opportunities that our financing products and services deliver.”
Ascentium Capital has more than 300 employees, including a national salesforce of 125 finance professionals. The company will expand the size of its sales team in 2018, continue to enhance the Ascentium University sales training program and invest in strategic technology initiatives.
Richard Baccaro, Ascentium Capital’s chief sales and marketing officer, said, “Our customized financing programs empower organizations. We continue to seize market share in the small and middle ticket marketplace and our record-breaking year was made possible by the continued strength of our brand, financial product offering and the relentless commitment of Team Ascentium.”
As a direct lender, Kingwood, Texas-based 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 investment firm Warburg Pincus LLC.