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Quality Leasing Co. Breaks Company Funding Records in 2020

January 13, 2021, 07:22 AM
Filed Under: Industry News

Quality Leasing Co., Inc., the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, posted record-breaking business volume for 2020 — posting 14 percent growth in funding volume year over year.

Despite the trials of the global Coronavirus pandemic, the Quality team, again, achieved increases in new business volume, repeat customer funding, number of assets funded, average transaction size and total contracts booked. Each of these KPI upsurges marks Quality’s overall highest annual funding volume in the company’s 64-year history.  

G. Paul Fogle, CLFP, Quality Leasing’s Managing Director, observed, “The challenges of 2020—from adding and adapting staff, to managing changing market conditions, to the introduction of new technology and processes—bonded the team in new ways. While most of us were physically distant, we were able to work together to accomplish more than ever before.”

In addition to the company’s remarkable growth, other 2020 accomplishments included:

  • Quality team members featured as industry experts on more than 15 virtual panels,
  • Quality thought-leaders published in more than 10 media outlets,
  • Managing Director G. Paul Fogle elected to the NEFA Board, and
  • The firm selected for the top 5 Monitor 101+ companies list.

Building on the successes of the past year, Quality continues to evolve into 2021. 2020 new hire and Chief Operating Officer C.J. Zaruba notes, “You can expect big changes from Quality starting in January with EFAs on titled vehicles, e-docs for all deals, new short-form contracts, wireless GPS and website inventory listings. This kind of momentum cannot be stopped!” With Quality’s ability to serve customers across multiple economic sectors, the company’s leadership maintains a highly positive outlook for the year ahead.

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