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Partner Resources

Here at your fingertips you’ll find all the information you need to execute quality deals: our EZ-Q overview, submission checklist, equipment restrictions, and more.

Deal Profiles

  • $30,000 up to $3,000,000

  • A- to C Credit Profiles

  • 12% – 19% Effective Rates (on average)

  • 12 – 72 Month Terms

  • EFAs, $101-Out Leases, Term Residual Leases, & Refis

  • National Funding Area (except HI & RI)

Product Highlights

  • Vendor & Private-Party Sales

  • No Business Size Requirements

  • Start-Ups (with experience or reserves)

  • Pre- & Progress-Funding Structures

  • No Age Restrictions (mileage only)

  • Rebuilt Trucks (with papers) & Glider Kits

  • Report to PayNet: Build Business Credit

  • DocuSign Contracts & E-Notary

  • TPO Auto-Commission on Repeat Deals

  • Whole-Story Underwriting Approach

  • Top-Notch Customer Service

Equipment & Asset Classes

Below is a partial list of the equipment we can fund. If you have questions about a particular item or transaction, please contact your sales representative.

Vehicle Types
  • OTR semi tractors

  • Medium duty box trucks

  • Pick-up trucks (Commercial only)

  • Trailers (all types – incl. HAZMAT)

  • Automobiles (Commercial ONLY)

  • Service trucks

  • Transit, Sprinter, & Step vans

  • Dump trucks

  • Tow trucks/Wreckers

  • Delivery vans

  • Vacuum trucks

  • Garbage & Recycling trucks

  • Bucket trucks

  • FedEx vans/trucks/ trailers

  • Logging trucks

Equipment Types
  • Construction/Yellow iron

  • Automotive repair

  • Logging/Forestry

  • Landscaping/Arbor

  • Manufacturing machinery

  • Wood & Metal Fabrication

  • Warehouse/Material handling

  • Medical/Dental/Optical equipment

  • Aesthetic/Spa

  • Sports/Recovery/Physical Therapy

  • Scientific testing/Lab

  • Laser/Imaging/Printing

  • Food service production (large scale)

  • Packaging

  • Drilling equipment

  • Oil & gas *with restrictions*

Custom TPO Vendor Programs
Are you working with a vendor selling a new product or an asset class not listed here?
Contact your Quality Sales Rep to learn how Quality can create a custom financing program for you!
Mileage Restrictions

Quality does not have age restrictions on vehicles or equipment. However, we do have end-of-term (EOT) mileage limits for vehicles and require reasonable asset pricing across comparable units on all equipment.

Vehicles
  • Reefer trailer cooler units, 25,000 hours max

  • OTR Class 8 trucks, EOT limit: 1.1 million miles *Note* Exceptions made for rebuilt tractors with papers

  • Heavy Duty Class 7 & 8 non-OTR work trucks, EOT limit: 750,000 miles

  • Medium Duty work trucks, EOT limit: 500,000 miles

  • Light Duty commercial trucks & vans, EOT limit:150,000 miles

Equipment

Equipment pricing must fall within current market range based on year, make, model, and hours to qualify.

Restricted Asset Classes
  • Any asset NOT numerically identifiable with a VIN or S/N

  • HVAC, Plumbing, or fixtures

  • Public transportation, & Livery vehicles

  • Anything that floats or flies: Boats, Planes, Helicopters, etc.

EZ-Q
App-Only up to $150,000

EZ-Q Scoring Matrix Factors

  • Average FICO Score

  • Revolving Availability

  • Time in Business (verified by SOS, Schedule C, or PayNet)

  • Down Payment / Equity

  • PayNet

  • Riskview Score

EZ-Q Program Guidelines

  • Opportunities exceeding $150K in net funding   require a Full Package submission

  • Opportunities must meet all EZ-Q Program Rules to be considered for EZ-Q approval

  • If an opportunity meets all EZ-Q Rules, the EZ-Q Factors will determine if additional documentation is needed

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EZ-Q Program Rules

  • Max Net Approval Amount of $150,000

  • Min TIB = 2 Years / 3 Years for OTR Trucking

  • Min 1 Secured Tradeline of 50% OR a max of $25K+/$40K+ for OTR Trucking (paid as agreed for 12+ months)

  • No BK Activity Within the Past 5 Years

  • No Excluded Equipment or Industries

  • For EZ-Q+ Submissions Requiring Banks  : Minimum $10K Average Balances, No NSFs or Overdrafts, No History of MCA / Daily Payment Activity

  • Price of used assets must have supporting comparables 

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Submission Requirements

 
EZ-Q :
  • Credit Application

  • Equipment Invoice/Specs

 
EZ-Q+:
  • Credit Application

  • Equipment Invoice/Specs

  • Banks

Example Deals

 

EZ-Q Example 1
Average FICO: 745
Revolving Availability: 80%
Time in Business: 4 Years
Down Payment / Equity: 10%
PayNet: No Score
Riskview Score: Average

 

EZ-Q Example 2
Average FICO: 725
Revolving Availability: 85%
Time in Business: 10 Years
Down Payment / Equity: 0%
PayNet: 680
Riskview Score: Average

 

EZ-Q Example 3
Average FICO: 705
Revolving Availability: 90%
Time in Business: 3 Years
Down Payment / Equity: 20%
PayNet: 650
Riskview Score: Average

EZ-Q+ Example 1
Average FICO: 700
Revolving Availability: 70%
Time in Business: 3 Years
Down Payment / Equity: 10%
PayNet: 655
Riskview Score: Average

EZ-Q+ Example 2
Average FICO: 660
Revolving Availability: 50%
Time in Business: 5 Years
Down Payment / Equity: 15%
PayNet: No Score
Riskview Score: Average

EZ-Q+ Example 3
Average FICO: 690
Revolving Availability: 75%
Time in Business: 3 Years
Down Payment / Equity: 10%
PayNet: No Score
Riskview Score: Average

1Riskview is a third-party risk score model that weighs multiple factors including: background/criminal record, education,work history, credentials, time at address, homeownership, etc.
2Net approval includes current request amount less down payment/trade credit + any outstanding amounts on current Quality Leasing contracts
3Secured tradelines include auto loans, recreational equipment, property mortgages, etc.
4Excluded equipment & industries: Aesthetic/Spa, Computer/Communication/Office, Convenience Store, Fitness, Food Service/Restaurant, Logging, Oil & Gas, Printing, Security
5Submitted bank statements should contain ALL pages for 3 most recent months

Full Package 

$30,000 - $150,000 Total Exposure*
  • Write-up/Proposal – Explain the transaction/business details

  • Completed Credit Application & Authorization

  • CBR – if available**

  • Equipment Pricing/Invoice & Specs

  • 3 months most recent Business Bank Statements + Any additional reserve account statements***

  • 2 years most recent, full Federal Tax Returns or 1 year most recent Federal Tax Return + Most recent year P&L and Balance Sheet

 
$150,000 - $250,000 Total Exposure

All of the above plus the following:

  • 2 years most recent, full Federal Tax Returns or 1 year most recent Federal Tax Return + Most recent year P&L and Balance Sheet

  • Year-to-Date P&L and Balance Sheet

  • PG’s most recent Personal Federal Tax Return

 
$250,000 - $3,000,000 Total Exposure

All of the above plus the following:

  • PG’s Personal Financial Statement

  • Last 2 years Business Financial Statements

  • Debt Schedule/List of current Leases & Loans

  • Client List broken down by % of client business

  • Any additional information you believe will help
    with our understanding of the customer, equipment,
    or transaction

* Total Exposure equals the current request amount + any outstanding amounts on current Quality contracts.
** If you pull credit, please provide, however, we will soft pull two CBRs in-house for underwriting, Quality will only hard-pull CBRs before funding.
*** All submitted bank statements, tax returns, and financial statements should contain ALL PAGES.

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