MDNA Premier Vendor Ascentium Capital shares a success story and lesson in the value of Membership

Equipment: LECO Model C744 Elemental Carbon Sulfur Analyzer
Amount Financed: $63,000
Member: Branford Auctions
MDNA Premier Vendor/Financing Partner: Ascentium Capital, a Division of Regions Bank

When a customer successfully won a bid on a LECO 744 Series Elemental Analyzer through Branford Auctions, timing was critical. As is common in the auction industry, payment was required within 48 hours, leaving little room for delays.

According to Marc Mazzalupo of Branford Auctions, the financing process with Ascentium Capital was exceptionally quick and efficient.

“When our customer won the bid, payment was required within 48 hours. The Ascentium representative reached out to let me know the customer had been approved, and the funds were in-house to Branford the very next day.”

This transaction highlights the power of MDNA membership and the value of taking full advantage of the Association’s Premier Vendor Program. One of the unique benefits of MDNA is the opportunity it creates for members and service providers to build meaningful business relationships that lead to real results. In this case, the partnership between MDNA member Branford Auctions and MDNA Premier Vendor Partner Ascentium Capital helped facilitate a time-sensitive transaction that may not have been possible without the established relationship and industry-focused financing solution.

As a Premier Vendor Partner of MDNA, Ascentium Capital understands the unique demands of the used machinery marketplace and the compressed timelines often associated with auction purchases. By working closely with MDNA members, Premier Vendors can provide specialized solutions that help members better serve their customers while creating a stronger, more connected industry network.

In the auction and used machinery industry, opportunities move quickly and payment deadlines are often measured in days, not weeks. Ascentium Capital delivers the speed, efficiency, and consistency needed to fund deals quickly, helping customers capitalize on opportunities while enabling MDNA members to keep transactions moving forward.

 Why the MDNA Premier Vendor Program Works

• Streamlined application process for MDNA members and their customers
• Fast credit decisions and funding
• Industry expertise and understanding of machinery transactions
• No Delivery & Acceptance requirement
• No proof of insurance requirement to delay funding
• Dedicated support from a financing team that understands auction and machinery sales
• Strong relationships between MDNA members and Premier Vendor Partners that create added value for customers

 By leveraging the MDNA Financing Program and the relationships fostered through MDNA membership, Branford Auctions was able to help its customer secure the equipment they needed while meeting strict payment deadlines. The result was a smooth transaction for the customer, the seller, the auction company, and the financing partner.

 At Ascentium Capital, we understand that opportunities move fast in the machinery industry. Our commitment is to help MDNA members close more sales by providing financing solutions that keep deals moving forward without unnecessary delays. As MDNA’s dedicated Ascentium Capital representatives, Alyssa Costlow and Kyle Shirley work closely with MDNA members and Premier Vendor Partners to build relationships, provide financing expertise, and help create successful outcomes like this one.