TopMark Funding, a leading destination for commercial vehicle dealerships and small to midsize fleets, has concluded the third quarter of 2023 with notable achievements. The company experienced a slight increase in the total number of funded transactions compared to the previous quarter, along with an impressive 8.6% year-over-year growth in the total number of funded transactions.
Building on this positive momentum, TopMark Funding proudly announces its recognition as one of America’s fastest-growing private companies by Inc. 5000. The Inc. 5000 2023 list ranks companies based on their revenue growth from 2019 to 2022, and this marks the first time TopMark Funding has received this prestigious honor.
The company’s resilience in the face of economic shifts and industry-wide transportation slowdowns is evident in its continued transaction growth. Recognizing ongoing opportunities, TopMark places a strategic focus on its Dealer Division, investing in both technology and talent to drive growth.
Despite tightening margins due to rising interest rates and current economic realities, Managing Director and Co-Founder Evan Lang expresses confidence in the TopMark Funding team’s ability to deliver results for dealerships and truck owners. “Sourcing the right funding solutions for our partners is even more critical in moments like these, and we’re encouraged about what the next 12 – 18 months hold for the industry overall.”
As the year draws to a close, TopMark Funding anticipates maintaining its strong market position. The company is exploring growth opportunities in additional commercial vehicle categories and has made strategic hires in key departments to pave the way for continued momentum in 2024. Notably, George Martin has joined as the Director of Accounting, based in the Long Beach, California office, bringing a wealth of experience from his tenure at Ernst & Young and his alma mater, the University of Southern California.
About TopMark Funding
TopMark Funding, LLC, is a premier funding partner for dealerships, specializes in financing commercial vehicles, and can effectively and efficiently handle dealer transactions. In 2023, TopMark Funding was named one of the fastest growing private companies by Inc. 5000. Founded in 2015, the company has a proven track record of helping transportation companies expand by offering strategic funding solutions for growing small and mid-sized fleets. With a laser focus on speed, accuracy, and unmatched customer service, TopMark Funding and its dedicated team actively assist dealers in financing more than $12 million of commercial vehicles each month.