KINGWOOD, TEXAS – July 27, 2021 - Ascentium Capital LLC, a national commercial lender, announced strong growth during the second quarter of 2021. The company achieved 41% origination growth year-over-year during the quarter. The growth is reflective of the economic recovery being experienced nationwide following the impacts of the COVID-19 pandemic.
“The company’s continued growth highlights the dedication of Ascentium associates to providing financial solutions focused on our equipment vendors and business clients,” said Tom Depping, executive vice president, Ascentium Group Manager.
Ascentium Capital offers specialized equipment financing and business loans to businesses nationwide. The company also provides customized finance programs for equipment manufacturers and distributers with simplified application procedures to help businesses in a broad array of industries including commercial vehicles, energy, franchise, healthcare, industrial, and technology.
“We have achieved 15% growth quarter-over-quarter in originations, influenced by our increased operational and sales efficiencies to enhance the delivery of ongoing value to our customers.” said David Lyder, senior vice president, Ascentium Sales and Marketing. “Our tenured national sales force is highly skilled in working with our customers to meet their financing business requirements to assist in growing their business.”
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 $156 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 more than 1,300 banking offices and approximately 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.