Despite economic headwinds, the top 30 private independent finance firms reported a solid 22.4% increase in new business volume in 2024. With competition tightening and interest rates fluctuating, these firms are strategizing for another year of expansion in 2025.
Monitor’s Top 30 Private Independents saw another year of growth in 2024, though at a slightly slower pace than anticipated. The group collectively reported a 22.4% year-over-year new business volume increase, a solid performance in the face of economic headwinds.
Verdant Commercial Capital rounded out the top five dollar gainers with a $207.2 million gain, bringing its new business volume up from $557.1 million in 2023 to $764.3 million in 2024.