Equipment financing
Ascentium Capital
Ascentium Capital is a commercial equipment finance business and a division of Regions Bank. It finances equipment, technology and vehicles for businesses across the United States, working directly with borrowers and through manufacturers, distributors, resellers and franchise organizations that want to offer financing to their own customers.
There are two main products. Working capital: a one-page application can produce approval for up to $250,000, in as little as two hours. Equipment and technology finance: up to $2 million, with low to no upfront cost and extended terms. The company highlights high application-only limits, most credit decisions within minutes, and online tools for customers and partners.
Industry programs include commercial and industrial equipment, gas stations, convenience stores and car washes, technology and software, and franchise organizations, with direct financing offered to small, mid-size and Fortune 500 companies. Customers manage contracts through the AccountButler portal; vendors and referral partners use MyAscentium, and separate phone lines and inboxes handle credit, documents, servicing and partner programs.
Loans and leases are provided by Regions Bank, member FDIC, doing business as Ascentium Capital, and terms depend on credit, collateral and documentation requirements. Corporate offices are in Kingwood, Texas.
Best for
Self-storage and RV park operators financing gates, kiosks, site equipment, vehicles or software who want a fast application-only decision, and equipment vendors who want to offer financing to their own buyers.
What they do
- Equipment financing and leasing
- Technology and software financing
- Working capital loans up to $250,000
- Vendor and manufacturer finance programs
- Franchise equipment finance
- Financing for gas stations, c-stores and car washes
- Commercial and industrial equipment finance
- Direct financing for small, mid-size and large companies
Details
| Attribute | Value |
|---|---|
| Founded | 2011 |
| Ownership | Subsidiary |
What stands out
- A division of Regions Bank: loans and leases are provided by Regions Bank, member FDIC, doing business as Ascentium Capital.
- Says it has provided businesses with over $14 billion in financing.
- A one-page application can produce approval for up to $250,000 in as little as two hours.
- Offers financing up to $2 million on equipment and technology.
- Has been financing businesses since opening its doors in 2011.