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Quality Leasing Achieves Record Funding in 2019

February 04, 2020, 07:20 AM
Filed Under: Company Announcements

Quality Leasing Co., Inc., 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.

Managing Director, G. Paul Fogle, CLFP, noted, “We have an incredible team here that I am immensely proud of! The Quality Leasing team’s hard-work and commitment to customer service has escalated us to one of the leasing industry’s premier B-C funding sources.”

“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 Leasing is pleased to serve business owners across various economic sectors,” he added.

With Fogle at the helm, the company is positioned for breaking more company records in 2020. This year, Fogle plans to introduce new internal technology systems, institute companywide management and sales trainings, add industry-specific funding programs and he is expected to announce a new management hire in the coming months. 

The Indianapolis, IN-based leasing firm has grown exponentially over the past 10 years, most recently securing its spot on the 2019 Monitor 100 list. 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.

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