TopMark Funding Surpasses 2021 Revenue Goal by 19%
JAN 27, 2022 - 6:25 am
TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, exceeded its Q4/2021 revenue goal by 38%, with revenue in the quarter three times greater compared with the same quarter in 2020. Fueled by this growth, TopMark Funding finished ahead of its 2021 revenue goal by 19%.
In addition, during Q4/21, TopMark Funding achieved a net profit margin that was 125% greater than its forecast. Additionally, TopMark Funding closed 2021 with 2.3 times greater volume (total amount financed) than 2020. The company exited 2021 with performance on an annualized run rate set to exceed $144 million in volume.
“The success that TopMark experienced in 2021 couldn’t be realized without the dedication and commitment of the senior operational and sales talent,” Evan Lang, managing director and co-founder of TopMark Funding, said. “We know that our clients are receiving better funding solutions from the TopMark team, and we are excited to expand our service and impact on both the client [and] the dealership segments in 2022.”
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