Modern Equipment Financing

The QuickFi Difference

Traditional Equipment Financing vs QuickFi

FEATURES Asset 1 Project detail tilt right
Speed Typically three weeks, to three months. Three minutes.
Process The typical process includes a call or email to request a proposal. Based upon proposals, the customer will evaluate and choose finance providers. After the proposal is signed, a lengthy approval process is started, with at least one or two rounds of "closing paperwork" often requiring more than ten signatures. Order your equipment. Once it arrives, take three minutes to import the invoice, select your desired structure and term, obtain the transparent rate and proceed with a single digital signature. Funding is typically completed in one business day.
Transparency Salespeople are typically incented to charge the highest rate possible. The APR is typically not disclosed. Advance deposits, payments in advance instead of arrears, extended funding periods with partial payments, and hidden fees all increase the borrower's costs. 100% Transparency - QuickFi discloses the interest rate on loans and does not have any hidden fees or costs.
Client Control Transaction process is fully controlled by the equipment lender and salespeople. Nothing can advance without phone calls, emails, and meetings. You are 100% in control of the QuickFi process, from start to finish. 24/7 live chat support is always available.
Communication Customers must communicate with sales, credit, operations, collections, asset management, accounting, and lender management representatives. Customers must often involve the lender in equipment acquisition well before funding is required. No advance communication is required. The entire QuickFi process can be completed in three minutes by the customer, through the mobile app. Live chat or telephone support is always available.
Paperwork / Signatures Requires a minimum of three rounds of paperwork, often requiring more than ten client signatures per each financing. Over 80% of all transactions today are completed on paper with U.S. Mail or overnight mail transmission of multiple documents. QuickFi provides one digital contract that requires one digital signature. The completed contract is stored on a blockchain for easy and secure client access 24/7.
Security Poor security with little digitization. Best available security including digital ID verification, Optical Character Recognition (OCR) with artificial intelligence, biometric authentication factors, digital signature, cloud infrastructure, and blockchain technology.
Support All communication takes place during business hours and on non-bank holidays. 24/7 Live Chat Support.

VS

Traditional Equipment Financing

Speed

Three minutes.

VS

Typically three weeks, to three months.

Process

Order your equipment. Once it arrives, take three minutes to import the invoice, select your desired structure and term, obtain the transparent rate and proceed with a single digital signature. Funding is typically completed in one business day.

VS

The typical process includes a call or email to request a proposal. Based upon proposals, the customer will evaluate and choose finance providers. After the proposal is signed, a lengthy approval process is started, with at least one or two rounds of “closing paperwork” often requiring more than ten signatures.

Learn more >

Transparency

100% Transparency – QuickFi discloses the interest rate on loans and does not have any hidden fees or costs.

VS

Salespeople are typically incented to charge the highest rate possible. The APR is typically not disclosed. Advance deposits, payments in advance instead of arrears, extended funding periods with partial payments, and hidden fees all increase the borrower’s costs.

Learn more >

Client Control

You are 100% in control of the QuickFi process, from start to finish. 24/7 live chat support is always available.

VS

Transaction process is fully controlled by the equipment lender and salespeople. Nothing can advance without phone calls, emails, and meetings.

Communication

No advance communication is required. The entire QuickFi process can be completed in three minutes by the customer, through the mobile app. Live chat or telephone support is always available.

VS

Customers must communicate with sales, credit, operations, collections, asset management, accounting, and lender management representatives. Customers must often involve the lender in equipment acquisition well before funding is required.

Paperwork / Signatures

QuickFi provides one digital contract that requires one digital signature. The completed contract is stored on a blockchain for easy and secure client access 24/7.

VS

Requires a minimum of three rounds of paperwork, often requiring more than ten client signatures per each financing. Over 80% of all transactions today are completed on paper with U.S. Mail or overnight mail transmission of multiple documents.

Security

Best available security including digital ID verification, Optical Character Recognition (OCR) with artificial intelligence, biometric authentication factors, digital signature, cloud infrastructure, and blockchain technology.

VS

Poor security with little digitization.

Learn more>

Support

24/7 Live Chat Support.

VS

All communication takes place during business hours and on non-bank holidays.