Client: Small business lender Ascentium Capital works with a variety of industries including medical, trucking, construction, and hotel and restaurant franchises. Ascentium was founded in 2011.
Challenge:Ascentium wanted to expand its growing portfolio, keep risk in check and continue to provide fast lending decisions to its customers.
Solution: FICO® Small Business Scoring ServiceSM Version 7
Results: Ascentium has grown its portfolio to $1.2 billion in assets, is identifying more customers inside its risk profile, and is meeting its goal to deliver lending decisions to customers in two hours or less.