Ironhorse Funding LLC’s assets under management surpassed $100 million. The milestone comes three years after the company’s launch and represents a 31% annual growth rate.
Headquartered in Beverly, Massachusetts, Ironhorse Funding is a non-prime and sub-prime originator, lender, and servicer for the RV, motorcycle, powersports and marine industries.
“Our continued growth is a direct result of Ironhorse Funding’s focus on developing long-term relationships with our business partners, clients, and borrowers,” company Chief Operating Officer Jon Krumdick said.
In the past 12 months, Ironhorse Funding added a Western operations office, doubled its employee count and expanded its full-spectrum direct lending program.
“This is an exciting achievement amid other strategic initiatives that we will be launching in the next quarter that will accelerate our growth even further,” said Daniel Wilensky, managing director and co-founder.
Currently operating in over 30 states, Ironhorse Funding is in the implementation phase of a national expansion and is expected to be operating nationwide in the fourth quarter of 2021.
“We are grateful to our talented team, investors, and to our clients for entrusting us to provide innovative credit solutions and unmatched benefit and service,” said Joel Wheeler, co-founder.
