Quality Equipment Finance has stopped funding transactions internally for the time being, according to an email sent to referral partners last week. According to the email sent by Quality, the company will fund transactions under contract but will not move forward with approvals that were not officially documented.
“We are experiencing some temporary capital restrictions and we are currently in the process of obtaining additional capital,” stated the email. “While these changes are in the works, we do have relationships with other funding partners in the industry and are willing and able to help underwrite and fund transactions through them.
“Rest assured, we are not going anywhere and this is only temporary,” the email continued.
