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, & 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
- Unique-to-Industry Pricing Model
- Top-Notch Customer Service
Equipment & Asset Classes We Fund
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
- 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, EOT limit: 25,000 hours
- OTR Class 8 trucks, EOT limit: 1.1 million miles *Note* Exceptions made for rebuilt tractors
with papers - Heavy Duty Class 7 & 8 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 assets attached to property
- Emergency vehiclesBuses, Public transportation, & Livery vehicles
- Anything that floats or flies: Boats, Planes, Helicopters, etc.
- Amusement park/Family fun center equipment
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 Score1
EZ-Q Program Rules
- Max Net Approval Amount of $150,0002
- Min TIB = 2 Years / 3 Years for OTR Trucking
- Min 1 Secured Tradeline*** of $25K+ / $40K+ for
- OTR Trucking (Paid as Agreed for 12+ Months)
- No BK Activity Within the Past 5 Years
- No Excluded Equipment or Industries4
- For EZ-Q+ Submissions Requiring Banks5: Minimum $10K Average Balances, No NSFs or Overdrafts, No History of MCA / Daily Payment Activity
EZ-Q Program Guidelines
- Opportunities exceeding $150K in net funding2 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
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 an aggregate 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 Submissions Checklist
$30,000 - $150,000 Total Exposure*
- Write-up/Proposal – Explain the deal 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.
