Ascentium Capital LLC, a national commercial lender, experienced a strong first quarter, funding $278 million, which represented 24 percent year-over-year growth. It is the highest origination quarter in the company’s history.
The company was also named the largest private, independent finance company in annual funded new business volume by the Monitor for a second consecutive year. “I am extremely pleased with first quarter results and the contributions that our employees make to build the Ascentium brand and create a national demand for our financing programs. These ongoing efforts enable us to capture market share,” said Tom Depping, the company CEO.
The company had a record-breaking quarter also for credit application submissions, totaling $730 million with $295 million submitted during March alone.