KINGWOOD, Texas, April 5, 2016 /PRNewswire/ -- Ascentium Capital, a national commercial lender providing comprehensive finance solutions, announces a 28% increase in volume over the same period last year with assets near $980 million, representing a 32% increase.
"We continue enhancing and expanding our small business finance products and services. These investments positively impact our offering that differentiates Ascentium in the market. This enables us to expand our remarkable network of equipment vendors and small business clients," comments Tom Depping, Chief Executive Officer at Ascentium Capital.
Ascentium Capital is ranked as the third largest private-independent finance company by volume in the United States by the Monitor magazine. The company's success is impacted by their unique ability to develop flexible finance programs through their technology infrastructure. "We continue to invest heavily in the growth of our specialized sales force and refine the finance experience to ensure it is best-in-class. This will drive our continued success," remarks Richard Baccaro, Chief Sales and Marketing Officer.
Ascentium Capital is positioned to capture additional market share with their specialized segment-specific approach. Part of the company's growth initiatives in 2016 will be to recruit tenured finance managers within technology, franchise, hospitality and healthcare.
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of business 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 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
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SOURCE Ascentium Capital