(CNN) – Mitt Romney's presidential campaign says they raised nearly $12.6 million in primary funds in March.
In a release Friday, the campaign also announced that they've raised $87 million in primary funds over the past year, and that they have $10.1 million cash on hand. The campaign also said that as of the end of March, they had brought in only primary contributions. They also stated that the former Massachusetts governor, who has an estimated net worth of at least $190 million, had not made any personal loans to his campaign.
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Last week former Sen. Rick Santorum of Pennsylvania suspended his bid for the GOP nomination. Even though former House Speaker Newt Gingrich and Rep. Ron Paul of Texas continue their long-shot bids for the nomination, Romney is now generally considered the presumptive nominee. Earlier this month the Romney campaign began joint fundraising with the Republican National Committee.
"Mitt Romney's continued strong fundraising shows that voters across the country are tired of the failures from President Obama. We will continue the hard work to raise the necessary funds to defeat President Obama and change the direction of the country," Romney National Finance Chairman Spencer Zwick said in a statement.
President Barack Obama's re-election campaign announced Monday that they raised $53 million in March, up about $8 million from the month before. That brings to nearly $350 million the amount of money raised by the re-election team since they formed a year ago. The money raised goes to the Obama Victory Fund, which is divided by the Obama re-election campaign, the Democratic National Committee and affiliated committees.
The Obama campaign did not indicate its cash on hand. As of March 1, the campaign reported $85 million in the bank. Obama broke all records by raising nearly $750 million in his 2008 campaign for the presidency.
In their release, the Romney campaign said that 84% of all donations received through the end of last month were $250 or less. Monday the Obama campaign announced that 97% of their donations in March were for $250 or less.
In February, during the heated primary battle, the Romney campaign raised $12 million and spent $12.4 million.