KINGWOOD, Texas, Jan. 11, 2016 /PRNewswire/ -- Ascentium Capital, a leading small business lender and equipment finance company, announced significant growth as the company achieved a 44% increase on total assets and a 56% increase in funded volume year over year.
"In less than five years, Ascentium Capital has become a game changer in the equipment financing sector through its technology infrastructure, flexible product offering, and customized vendor programs developed by our sales, marketing and service personnel. Our professional talent has helped us achieve transformative results that will continue to drive growth in 2016," commented Tom Depping, Chief Executive Officer at Ascentium Capital.
- $686 million in funded volume in 2015
- $936 million in total assets
- Over 80% of new business driven through the equipment vendor channel
- Healthcare and technology became the company's fastest growing divisions
- Over 180 financial team members
"We have rightly earned the trust of our customers and partners and we're pleased with the company's achievements during the past year. Niche specialization and expansion will continue to be a major focus in 2016," says Richard Baccaro, Chief Sales and Marketing Officer.
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.
Monica Bruegl, Sr. Vice President of Marketing
Ascentium Capital LLC
SOURCE Ascentium Capital