Tom Wood Group rebrands equipment financing business
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The Tom Wood Group in Carmel this week announced a rebranding of its commercial equipment financing business. The company said the change from Quality Leasing Co. Inc. to Quality Equipment Finance was inspired by a sustained period of record growth.
The Tom Wood Group operates multiple car dealerships in central Indiana, as well as dealerships in the outdoor equipment, aviation and powersports markets.
The company said the new name better reflects its position in the commercial equipment market since it uses equipment finance agreements, or EFAs, as its primary financing method.
“We are constantly fine-tuning our newest tech platforms to make deal submissions easier, credit decisions faster and funding processes smoother for everyone involved,” Quality Managing Director G. Paul Fogle said in a news release Tuesday. “This rebranding helped us clarify our position and reaffirm our commitment to our customers. We’ve experienced significant growth for some time, and our programs and offerings have expanded and evolved to be more robust than ever.”
Quality said it saw 33% year-over-year funding volume growth last year. The company focuses on financing transactions from $30,000 up to $3 million.
The company has 33 employees. A spokesperson said they are not necessarily adding jobs due to the rebranding, but “we’re always looking for talent.”