Interstate Capital, a New Mexico-based accounts receivable factoring company, released partial results for the quarter ended March 31, 2017, including 57% year-over-year growth in new client originations. Interstate added 193 new clients during the period compared to 123 originations during the same period in 2016.
In March 2017, Interstate added 75 new clients, representing an all-time record number of new originations in any calendar month in the company’s 24-year history. Interstate’s second-best month was January 2017, when 70 new clients were added. March 2017 marks the 12th consecutive month of exceeding 20% year-over-year origination growth.
The Interstate Capital Group of Companies is a leading provider of accounts receivable financing and factoring, freight bill factoring, fuel advances for truckers, and freight matching. Founded in 1993, Interstate Capital has provided $ billions of funding for over 10,000 small business owners in the US, Canada, and Mexico.