Quality Leasing Posts Unprecedented 102% Q1 Growth Year over Year

CARMEL, Ind. – Quality Leasing Co., Inc. (QL) announced a 102.2% increase in funding volume for Q1 2022 over Q1 2021. With a 70.5% increase in the number of transactions booked and average contract size rising 21.4% to just under $100,000.00, Quality’s Q1 2022 performance broke 65 years of company records across the board. YoY KPI upsurges were also seen in the number of asset classes funded, industries served, and repeat customer fundings. Additionally, average guarantor FICO scores jumped to 724—demonstrating positive borrowing trends across the U.S. commercial equipment finance market.

Quality Leasing Managing Director, G. Paul Fogle, CLFP, remarked, “2021 was a year of big changes at Quality. We grew our sales, administrative, and leadership teams; re-structured operations and management in our Carmel headquarters and 7 satellite offices; and we implemented a number of new technologies with efficiencies to speed up everything from deal submissions and underwriting through back-end contract servicing.” The organization now boasts utilization of tech platforms including: DocuSign for all contracts, E-Notarize for POAs, EOS for management productivity, and Salesforce for company-wide CRM and contract management. While making sweeping changes had its complications, Fogle noted the overall results were well worth the time and effort. He went on to acknowledged, “I would be remiss if I didn’t attribute some of our growth to U.S. economic trends like increases in equipment prices due to inflation and supply chain challenges or the large number of Americans leaving the traditional workforce to start their own businesses. However, capitalizing on these trends was only possible with the hard work of the entire Quality team.” Quality Leasing continues to serve myriad U.S. industries and companies of all sizes including start-up business owners with experience.

Beginning with October 2021, the operation has now achieved six consecutive months of record-breaking funding with March 2022 posting the highest monthly funding volume in the company’s 65-year history. Quality Leasing Sales Manager, Bradon Marshall, explained, “It sounds counterintuitive, but the technology has driven our focus back to the people. We are constantly striving to create a better customer service experience for our TPOs, referral partners, and borrowers.” Q3 2021 saw the successful rollout of Quality’s new quarterly commission bonuses for high-volume third party originators—a program Marshall believes was also a driver of the Q1 22 growth. He added, “This week Quality is starting a new insurance offering that will facilitate faster funding; we’re adding downloadable partner resources to our website, and we’ve got more exciting news coming down the line!” Fogle, Marshall, and the Quality leadership team are expecting continued growth throughout Q2 2022.

About Quality Leasing Co.

For more than 65 years, Quality Leasing Co., Inc. has offered business owners across the U.S. commercial equipment financing with flexible terms, convenient structures, and personalized service. Funding equipment from aesthetic lasers to titled vehicles—and everything in between—Quality focuses on A- to C credit transactions from $30,000 up to $3,000,000. The Quality team strives to make the financing process fast and easy for every customer, every time. How do we do it? By adhering to Quality's core values of being passionately driven, staying humbly confident, showing uncompromising integrity, and maintaining a sincere desire to help others. For more information, please visit us at www.qualityleasingco.com.

Contact:
G. Paul Fogle, CLFP
Managing Director
317.845.9205
pfogle@qualityleasingco.com