Quality Leasing Co., Inc. announced a 102.2 percent increase in funding volume for first quarter 2022 over Q1 2021. With a 70.5 percent increase in the number of transactions booked and average contract size rising 21.4 percent to just under $100,000.00, Quality’s Q1 2022 performance broke 65 years of company records across the board. Year over year 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, said, “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, IN, headquarters and seven 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.” Third quarter 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 second quarter 2022.