The drone industry is new, and by any measure, still in a growth phase. While the hype cycle might well be over, investment isn’t. DRONELIFE interviewed Mark Guida, Vice President-Sales at Ascentium Capital, to discuss what type of clients they work with – and what the financing process looks like.
Mark has served in the equipment leasing and finance industry for over 25 years with extensive experience across multiple equipment lines. He specializes in the UAV industry by designing and implementing strategic end-user financing programs for commercial and municipal UAV manufacturers, distributors, and dealers.
DRONELIFE (DL): Tell us a little about Ascentium Capital.
Mark Guida: “Ascentium Capital is an award-winning commercial lender that specializes in financing for the drone industry. Ascentium works with small business owners to help grow their business. Ascentium’s proprietary finance platform, combined with exceptional customer service, paves the way for fast, flexible financing for virtually any business need. Ascentium is focused on helping businesses succeed with a variety of customized financing solutions.
Ascentium Capital, a subsidiary of Regions Bank, provides a broad range of business equipment financing and leasing options across the United States. The Company’s offering is designed to benefit equipment manufacturers and distributors as well as direct to businesses nationwide.”
DL: Why you have entered the drone space?
Mark Guida: “Since 2011, Ascentium has continued to seek new and evolving commercial markets. Ascentium’s industry focus, platform, expertise, and resources give us a strong position in the commercial UAV financial services industry.
There are numerous studies suggesting the drone, or the UAV industry, is expected to grow significantly over the coming years. Like any new industry, it will have its challenges, however there are strong indicators that suggest this will be a sustainable growth industry. Ascentium has the expertise and financing products to help small business owners in the drone industry expand and grow their business.”
DL: What type of client are you able to help?
Mark Guida: “Ascentium provides financing to small, mid-sized and Fortune 500 companies and municipalities. Specific to the Drone space, this includes commercial pilots.
Business owners many be looking to add or update drone equipment, technology, or other items. The need to upgrade technology to stay competitive is critical in the
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