Ascentium Capital LLC Reports 21% Growth Quarter-Over-Quarter and Reaches a New Funding Milestone
For Immediate Release
KINGWOOD, Texas – October 26, 2020 - Ascentium Capital LLC today announced quarter-over-quarter growth of 21.2 percent. The Company has provided over $7.1 billion in financing since 2011, reaching a new funding milestone.
“Ascentium Capital’s quarterly results reflect our goal to stay committed to our clients and provide a consultative approach to business financing. This differentiates us in the market especially during the COVID-19 pandemic. Our business clients appreciate our value-driven methods and this enables us to capture repeat business as well as drive organic growth,” comments Tom Depping, Executive Vice President, Ascentium Group Manager.
Since 2011, Ascentium Capital has provided financing to over 125,000 organizations across the United States and currently manages over $2.5 billion in assets. The Company specializes in financing for a broad array of industries including commercial vehicles, energy, franchise, healthcare, and technology.
“Our market diversification, credit model and disciplined sales and marketing approach have been extremely beneficial in helping us positively impact results and reach a new funding milestone. I’m very proud that all departments within Ascentium are staying focused on delivering value and customized solutions to our client relationships,” remarks David Lyder, Senior Vice President, Ascentium Sales and Marketing.
About Ascentium Capital LLC
Ascentium Capital LLC, a subsidiary of Regions Bank, specializes in providing a broad range of business equipment financing, leasing, and loans across the United States. The Company’s offering is designed to benefit equipment manufacturers and distributors as well as direct to businesses nationwide. For additional information about Ascentium and its business financing products and services, please visit AscentiumCapital.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Media Contact
Monica Bruegl, Senior Vice President, Marketing
Ascentium Capital LLC
MonicaBruegl@AscentiumCapital.com
Ascentium on Twitter: @AscentiumTeam