TopMark Funding announced Friday it continued its 2022 trend of record-setting growth as it rounds the corner to close out the last three months of the year. In Q3 2022, TopMark Funding exceeded its revenue goal by 27 percent. The momentum and pace set in the prior quarter continued with total volume for Q3 exceeding expectations by 13 percent and finishing ahead of its Q2 performance.
Despite economic headwinds affecting every industry, TopMark Funding says it has continued to find success through an increase in the overall number of transactions its sales team is completing each month. TopMark Funding recognized a 47 percent year-over-year increase in funded transactions against the same quarter last year. Through its expanding marketing programs, the deepening of its relationships with its dealer partners, its expansion into new geographic regions and by growing its dedicated sales team focused on serving TopMark's dealer division, the company says it has found a way to get results in a softening economy.
"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," says Evan Lang, co-founder and managing director. "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 2022 outpacing its year to date revenue goal by 35 percent, the company says. A large part of this year's intense growth was made possible due to the vision of the TopMark Funding leadership team who the company says continue to be focused on attracting and retaining top senior sales talent. This team of top-notch talent work diligently to provide solid financing solutions to both customers and dealerships across the country. In Q3 2022, TopMark Funding says it 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.