Ascentium Capital LLLC is a leading provider of equipment and technology financing solutions. They offer financing and leasing for manufacturers, distributors, resellers, and franchise organizations. They also provide direct financing options for small, midsized and Fortune 500 companies.
Ascentium Capital provides Small Business & Working Capital loans and Equipment Financing & Leasing. They also offer Partner Financing program, which enables businesses to offer financing and leasing plans to their own customers, as well as franchise financing options.
The company was founded in 2011, and is based in Kingwood, Texas.
Ascentium Capital Blog. Ascentium Capital provides this resource to offer merchants business education. It includes dozens of articles on a multitude of topics important to small businesses. Some of the recent informational reports provided include:
Notice that many of the blog posts have an orientation toward marketing and growing your business. This is an area where a lot of small businesses could benefit from additional coaching. Ascentium Capital provides it.Company Reputation. Ascentium Capital has the following ratings from third-party business rating services:
Licenses and Accreditations. The company is based in Texas, however it is not licensed through either the State of Texas Secretary of State or the Texas Banking Commission.
Small Business & Working Capital Loans are offered under the following terms:
Loan purpose. Loan must be used for a specific business purpose. Funds can be used for purchasing inventory, paying taxes, bridging payroll, business expansion, consumable supplies, technology upgrades, or anything else your business needs. Proceeds can also be used to pay off competitor loan balances, but merchant must net at least 50% of the loan proceeds.
Industries funded. Almost all industries will be considered as long as they meet Ascentium Capital credit requirements. Includes auto sales and nonprofit organizations, which are restricted almost everywhere else. Specific target industries include hospitality, healthcare and retail. Others include commercial and industrial, commercial vehicles, franchises, technology and software, and gas stations, convenience stores and carwashes.
Cautionary Industries. None. Ascentium Capital will consider any industry that meets their credit policy guidelines.
Interest rates. 1.11 to 1.36
Origination and document fees. $195 document fee, which is used to process the application, as well as cover expenses related to credit reports and UCC filings. Check required to be made to "Ascentium Capital LLC" from a business checking account, and is payable upon approval. There is no application fee or origination fee.
Loan term. 3 to 18 months.
Repayment frequency. Daily fixed payments. Ascentium Capital accepts credit cards for payment, including American Express, Visa and MasterCard.
No stacking. Merchant will be declined for a loan renewal if they layer a competitor loan on top of a Ascentium Capital loan.
Loan Renewal Policy. Ascentium Capital will consider a renewal as soon as at least 30% of the original loan balance has been paid.
Interest forgiveness. Not available. Early termination on your written request. The payoff amount is calculated using the present value rate to discount the future payments due under the agreement. There is no prepayment penalty or fee.
To qualify for a working capital loan through Ascentium Capital you must meet the following requirements:
The Ascentium Capital loan application can be completed and approved in a matter of minutes. Funding can occur in as little as 24 hours after approval. The entire application process is completed online. No application fee is required, and the documentation fee will be charged only if your loan application is approved and accepted by you.
In order to make application, you need to provide the following documentation:
Special situations to be aware of in the application process include:
We've identified six types of merchants for whom Ascentium Capital can be a preferred loan source:
Ascentium Capital offers customized equipment financing and leasing to match the unique business needs and goals of your company. Programs are available to acquire new equipment, technology, and commercial vehicles, as well as to provide working capital. You can apply in minutes, and get quick financing.
They can create a payment structure that works for you. For example, two possible payment arrangements include:
Benefits of Ascentium Capital's equipment financing and leasing programs include:
Ascentium Capital also offers all-inclusive financing. Since the cost of new equipment goes beyond base price, other costs can be included in the financing. That includes shipping, taxes and other expenses. Financing these additional costs enables merchants to avoid out-of-pocket payments upfront.
If your product line includes the kinds of transactions that require financing, Ascentium Capital Partner Financing will enable you to give your clients access to the financing and leasing options they need to purchase your products. You will work in partnership with Ascentium Capital, enabling you to offer a streamlined finance platform for your clients and customers. It will give your business an advantage against competitors who don't have the same arrangement.
Ascentium Capital Partner Financing will enable you to offer fast, flexible business leasing and financing options to your customers. That will increase revenue, and improve your closing ratios.
With the Ascentium Capital Partner Financing program you can give your customers and clients access to the following benefits:
As a participating merchant, your business will have the following benefits from Partner Financing:
Ascentium Capital has more than 20 years of franchise financing experience. They provide financing solutions to help franchisees grow their business.
Financing is available for the purchase of the following equipment:
Ascentium Capital Franchise & QSR provides fast, flexible franchise financing for franchise locations. Terms include:
About Kevin MercadanteSince 2009, Kevin Mercadante has been sharing his journey from a washed-up mortgage loan officer emerging from the Financial Meltdown as a contract/self-employed “slash worker” – accountant/blogger/freelance blog writer – on Out of Your Rut.com. He offers career strategies, from dealing with under-employment to transitioning into self-employment, and provides “Alt-retirement strategies” for the vast majority who won’t retire to the beach as millionaires. He also frequently discusses the big-picture trends that are putting the squeeze on the bottom 90%, offering work-arounds and expense cutting tips to help readers carve out more money to save in their budgets – a.k.a., breaking the “savings barrier” and transitioning from debtor to saver. He’s a regular contributor/staff writer for as many as a dozen financial blogs and websites."
Sep 28, 2018 4:09 AM
Texas company. Does financing for machinery and loan cash. Used them to lease a bridge saw and got 25,000 in cash. Quick process start to finish. Good people