What equipment types qualify under the QuickFi Prime program?

Qualifying equipment types include construction equipment/machinery, industrial equipment, technology equipment, furniture, office equipment. See examples here.

What equipment types do not qualify under the QuickFi Prime program?

The following are representative of ineligible equipment, but not an exhaustive list: any equipment intended to be used in violation of U.S. federal or local law including to make illegal drugs or substances, equipment intended to be used for gambling services and/or adult entertainment services, equipment intended to be used for money transmission and/or other financial services, weapons, firearms, explosives, dangerous materials, consumables, inventory, rental equipment, over-the-road vehicles.

Can used equipment be financed through the QuickFi Prime program?

QuickFi may review and approve a request for financing of used equipment at its sole discretion. Used equipment may be subject to differing finance terms and conditions as the QuickFi Prime program.

Can soft costs (e.g. software, freight, sales tax, installation, warranty costs) be included in the financing?

Yes, soft costs up to 25% of the financing amount may be included.

Can I be reimbursed for equipment I’ve already purchased or made deposits for?

The QuickFi Prime program requires payment to be sent directly to your dealer/vendor for new equipment purchases.

What term lengths are available?

Term lengths up to 60-months are available.

What financing structures are available?

Financing will be structured as a fully amortizing loan.

Are there down payment requirements?

Down payments are not required for financing of qualifying, new business equipment under your pre-approved line of credit.

When does funding take place?

Funding will be finalized within 1-business day after you have verified acceptance of the equipment and satisfaction of all approval and funding requirements.

When does my line of credit expire?

Your line of credit is valid for 90 days, subject to no material adverse change in your financial condition at time of funding. QuickFi may renew the line of credit available upon expiration at its sole discretion.

Can I request more credit than the pre-approved amount?

Financing is available up to $75,000 without any additional financial information. We are happy to review requests in excess of $75,000, however, it may require additional financial information.

What insurance am I required to have on the equipment?

The finance agreement requires a minimum of $1MM/occurrence Commercial General Liability coverage, and Property Insurance no less than the outstanding loan balance, which covers all risk of damage/loss to the equipment. QuickFi also offers a convenient, cost effective, equipment protection plan that is available through your app or by contacting us directly.

Can I purchase equipment from a third-party?

The equipment must be purchased from a reputable dealer or vendor that operates as a registered business.

Can I purchase equipment for personal use?

Your line of credit through the QuickFi Prime program is intended for business and commercial use only.

Will my rate/payment change?

As a valuable QuickFi customer, you will receive our lowest, most favorable APR that will remain fixed throughout your financing term.

Are there any additional fees?

QuickFi offers a borrower-friendly, transparent finance agreement with a stated, fixed interest rate and no hidden costs or fees. The only additional charge you will receive outside of your loan payments is a $500 processing fee, which will be billed on your initial invoice.

Are there prepayment fees?

There are no prepayment fees after half of your financing term has elapsed. During the first half of the financing term, there is a prepayment fee of 5%.

Who can I contact if I have further questions on the QuickFi Prime program?

You may contact our QuickFi Prime specialist at 585-207-0117 or clark@quickfi.com, or QuickFi Support at 585-207-0230 or support@quickfi.com.