TopMark Funding Closes Q3 with Record-Setting Growth



TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, experienced record-setting growth as it closes out the last three months of the year. In Q3/22, TopMark Funding exceeded its revenue goal by 27%. The momentum and pace set in the prior quarter continued with total volume for Q3 exceeding expectations by 13% and finishing ahead of its Q2 performance.

TopMark Funding recognized a 47% year-over-year increase in funded transactions against the same quarter last year. The company found a way to get results in a softening economy through its expanding marketing programs, deepening its relationships with its dealer partners and by growing its dedicated sales team focused on serving TopMark’s dealer division.

“Even with the sharp rise in inflation and the rise in interest rates over the past several months, the TopMark team continues to perform and achieve against the most aggressive monthly transaction goals we’ve set. We are excited to report that both volume and revenue again exceeded expectations for the quarter,” Evan Lang, managing director and co-founder at TopMark, said. “The number of transactions that were funded over the last quarter indicate that the trucking sector of the transportation industry continues to provide growth opportunities for TopMark and our approach to dealerships and the value we provide to their customers.”

TopMark Funding closes Q3/22 outpacing its year-to-date revenue goal by 35%. In Q3/22, TopMark Funding added several experienced senior sales representatives to its growing sales team to meet the customer demand driven by the success of its marketing and dealership programs.

 


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com