Interstate Capital Corporation, based in Santa Teresa, NM, reported a 36% surge in new originations during its first fiscal quarter ended September 30, 2015. Interstate Capital president Tony Furman credits robust origination growth to recent technological improvements in Interstate’s digital origination platform and the appointment in March 2015 of a new chief digital strategist.
The Interstate Capital Group of Companies is a leading marketer of accounts receivable factoring, freight bill factoring, fuel discount cards, freight matching, freight broker credit reports, property broker bonds, fuel advances, truck and trailer financing, and logistics services. Founded in 1993, Interstate Capital has provided $ billions of funding for over 10,000 motor carriers and other small businesses in the U.S., Canada, and Mexico. Interstate Capital projects to purchase in excess of $1 billion of receivables this fiscal year. Interstate is one of the largest privately held, non-bank transportation factoring companies in North America.