Ascentium Capital offers equipment financing options

Ascentium Capital, a division of Regions Bank, can help woodworking businesses obtain the essential equipment they need to operate and grow through financing, working capital loans, and Small Business Administration funding.

“Smaller woodworking businesses may need additional equipment to fulfill jobs, but they may not have the capital up front to invest,” says Tory Bianchi, vice president of sales for Ascentium Capital, an exhibitor at the 2023 AWFS Fair.

“Financing can be an important tool for these businesses to acquire the machinery and tooling needed to complete these projects with no money out of pocket. In some cases, they can take advantage of deferred payment programs that allow them to get equipment onsite and not make full payments until the machinery is up and running and earning revenue.”

The company gives customers access to a dedicated finance manager who knows their industry and understands the equipment and how it benefits the business.

Bianchi offered some additional benefits for customers who use Ascentium’s services instead of their banks or credit unions.

“By financing with Ascentium Capital, a woodworking business can keep its bank lines intact for other uses. The business can also get the equipment into service much faster. With Ascentium, there is a simple application for most transactions that doesn’t require financial statements or a long, cumbersome process. Most credit decisions are made in hours, not days. It’s quick and easy. And, most of all, it’s convenient.

For more, visit ascentiumcapital.com. 

This article was originally published in the January 2024 issue.