Quality Leasing Co., Inc. Achieves Record Funding in 2019
--With a 22% Increase in Funded Transactions Year-Over-Year, Quality Leasing Hits Highest Annual Equipment Funding in Company’s 63-Year History--
INDIANAPOLIS, Ind. – Quality Leasing Co., Inc. (QL), the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, announced record-breaking funded transactions in 2019. With increases in new business volume, repeat customer funding, number of assets funded, and overall contracts booked, Quality Leasing expanded its portfolio to record size in 2019—surpassing the previous 63 years in which the company has been operating.
The Indianapolis-based leasing firm has grown exponentially over the past 10 years, most recently securing their spot on the 2019 Monitor 100 list. Managing Director, G. Paul Fogle, CLFP, noted, “We have an incredible team here that I am immensely proud of! The Quality team’s hard-work and commitment to customer service has escalated us to one of the leasing industry’s premier B-C funding sources.” He went on to add, “Our ability to fund all types of asset classes played a major role in this year’s growth. Where some industries are slowing under current economic conditions, others are thriving; and Quality is pleased to serve business owners across various economic sectors.”
With Fogle at the helm, Quality is positioned for breaking even more company records in 2020. This year, Fogle plans to introduce a new internal technology systems, institute company-wide management and sales trainings, add industry-specific funding programs, and he is expected to announce a new management hire in the coming months.
About Quality Leasing Co.
Quality Leasing co., Inc. is a Midwest-based, family-owned independent finance company offering flexible terms, convenient structures, and personalized service. Quality focuses on funding B-C credit transactions from $30,000 up to $3,000,000. Specializing in titled vehicles, manufacturing, and heavy equipment, Quality also funds a wide array of commercial assets through their nationwide lease financing programs at a fair, affordable monthly payment. For more information, please visit qualityleasingco.com.
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.