TopMark Funding, a funding destination for commercial vehicles, opens 2023 with strong originations in the first quarter. The company set its all-time record for funded transactions in March 2023. This contributed to a 22% increase in funded transactions in Q1 FY23 when compared to Q1 FY22.

TopMark Funding, LLC is a funding partner for dealerships.

The increase in funded transactions is both the result of last year’s focus on growing valuable relationships with dealers by offering attractive solutions for their wide range of client needs and growing the salesforce through the addition of senior finance professionals, the company reported. TopMark continues to build by investing in technology and senior commercial vehicle specialists to fund more transactions. TopMark’s investment has decreased the average approval-to-funding time by more than 20% year over year.

In Q1 2023, TopMark Funding opened its second West Coast office located in Long Beach, Calif.