School Budget Cuts: How TEQlease Can Help

The effects of COVID19 are resulting in budget cuts for many schools across the United States. While school boards and equipment vendors are trying to find the best path for their students and faculty, there are looming questions about what projects to consider now and which projects to table over the summer. Trying to determine the overall impact of state budget cuts while staying committed to education needs has left schools with tough decisions to make for the upcoming fall. The delay in decision, as a result, has also proven to have a dire impact on whether or not such orders will be fulfilled due to limited inventory.

There is no better time to use equipment financing to solve capital equipment budget constraints, especially when we are experiencing such a low interest rate environment. TEQlease Education Finance specializes in equipment financing solutions for educational institutions, and TEF is helping many schools overcome budget constraints specifically using financing. Through flexible and cost-effective financing options, schools are able to acquire, update and replace equipment. With the uncertainty of COVID19 and the unprecedented measures it has placed upon schools we are working heavily to ensure a helping hand with budget specific financing, including options to defer payments for up to six months.

Learn more about TEQlease Education Finance by visiting our website here.

Aquinas High School Leases Student IT Devices

Aquinas High School of San Bernardino, California understands the importance of providing up-to-date technology into the hands of their students. Aquinas HS recently completed a technology refresh for Apple devices, through a three-year financing arrangement with current finance partner TEQlease Education Finance. Part of the lease involved a trade-in of older devices.

As with previous leases, Dana Andrada, Senior Account Executive, and TEF’s finance team worked closely with Aquinas’s Operations and Technology Department to ensure a smooth and seamless finance process. “I worked quite closely with both Chris Sandoval, Business Manager, and Gary Schneider, IT Director. They were both a pleasure to work with. They were very knowledgeable and responsive, and they provided us with all the information we needed to close this project in a prompt timely manner,” said Dana Andrada.

Founded in 1955, Aquinas High School is an academically high-performing private, Roman Catholic high school located in San Bernardino, California, with a rich tradition. Aquinas High School is committed to helping students strive to do their best. Aquinas High School fosters a flexible and interactive student-centered learning environment.

Founded in 2000 in Calabasas, California, TEQlease Education Finance specializes in equipment financing solutions for educational institutions. Through flexible and cost-effective financing options, schools are able to acquire, update and replace equipment. Learn more about TEQlease Education Finance solutions for education at www.TEQlease.com

Intel and Sinclair Holdings Will Open First All- Digital Hotel

Intel and Sinclair Holdings LLC have partnered together creating the world’s first all-digital hotel in Fort Worth, Texas. The Sinclair, Autograph Collection was built with the intention of creating a greener and personable hospitality environment at the touch of a smartphone. Referred to as the “High Tech Hotel of the Future” Sinclair Holding uses Intel Internet of Things (IoT) technology to provide customized settings to each room using the Marriott app on your smartphone device. Guests can adjust bathroom and bedroom light settings, window curtains, and room or shower temperature tailored to personal preference. Intel IoT technology is integrated in smart features, reservation systems, point of sale systems, networking infrastructure, guest services, and mobile key and wireless charging throughout The Sinclair Hotel.

Joe Jensen, Intel Vice President stated “Our collaboration with The Sinclair is one of a growing number of examples how IoT technology is making building smarter and allowing hospitality providers to build richer, more personalized and powerful experiences for guests and associates.” IoT systems provide an opportunity to increase customer service satisfaction, allowing hotel staff to manage guest reservations and connect to management software anywhere
within the hotel using a mobile device. In an effort to go green, The Sinclair is the first hotel to power itself. Guests staying at The Sinclair can opt in for 20 minutes or more of cardio workouts to generate power throughout the hotel. Establishing the Sinclair as one of the most ecofriendly properties in the world. Farrukh Aslum CEO and President of Sinclair Holdings aims to utilize Intel’s IoT technology in the future of the hospitality industry. Aslum conveyed “By using the latest connected technology from Intel and our other partners, we can offer guests the absolute best experience from the moment they walk through the door.” Sinclair Holdings LLC aims to input digital aspects into future hotels, in the hopes of improving hospitality environments. Guests will soon have the ability to pre-set room customizations using the Marriott app before checking into future rooms at hotels. IoT technology will continue to become integrated with hotels around the world, providing each guest with a personable and positive hotel experience.

As hotels look to expand and digitalize the future of the hospitality industry, TEQlease Hospitality Equipment Finance provides new up to date equipment for hotels. TEQlease Hospitality Equipment Finance can provide financing for new wireless infrastructure, software equipment, IT equipment and more to any hotel across the U.S. Contact us at 818-222-1006 or email us at Hreth@teqlease.com for a detailed financing quote suitable to your hotel needs.

TEQlease Commercial Equipment Finance Attends World of Concrete 2020

The TEQlease Commercial Equipment Finance team attended World of Concrete Expo February 3rd-5th in Las Vegas, NV! Representing our TEQlease Commercial Equipment Finance team was Senior Account Executive Deven Fuselier and Account Executive Marcus Brown.  World of Concrete attendees are from all segments of the concrete industry ranging from commercial contractors, manufacturers, distributors, and more. World of Concrete attracts 1,500 companies and is the commercial industry’s largest concrete event for professionals.

The TEQlease Commercial Equipment Finance team had the opportunity to meet with existing partners, as well as establish relationships with new vendors from the industry. TEQlease Commercial Equipment Finance will lease and finance new and used equipment to all businesses in the concrete industry, offering flexible payment options and financing terms from 24 to 84 months. Contact TEQlease Commercial Equipment Finance at 818-222-1006 or visit the commercial site directly at https://www.teqlease.com/smb_equipment_financing/

What can TEQlease Hospitality Equipment Finance do for you?

TEQlease Hospitality Equipment Finance provides equipment financing and leasing for your hospitality needs. Give your guests the hotel experience they deserve with new equipment. TEQlease Hospitality Equipment Finance also has pre- approved financing to all Marriott Brand Hotels throughout the U.S and Caribbean. As hotels look to improve guest experiences with new equipment, we can provide funding for:

  • Beds
  • Fitness Equipment
  • Golf Carts
  • Lounge Chairs
  • Phone Systems
  • Wireless Infrastructure
  • Tables
  • Vans/Trucks
  • Restaurant Equipment
  • Security Systems
  • Software
  • HVAC Systems
  • And more!

We also offer deferred payment programs, annual or monthly payments, and we can tailor a customized finance structure for your hotel. Provide your hotel with up to date equipment: Contact Henry Reth for a detailed financing quote and analysis of your customized lease finance structure. Give us a call for a free quote at 818-222-1006 or contact us by email at hreth@teqlease.com.

TEQlease Education Finance Announces Deferred Payments to Summer 2020

TEQlease Education Finance has announced its 2020 Deferred Payments Program allowing schools to accelerate needed equipment acquisitions while deferring the first payment to next budget year. The 2020 Deferred Payments Program permits flexible cash flow management, allows for better budget expenditure planning, provides earlier access to equipment acquisition, and permits prompt order entry and timing.

The 2020 Deferred Payments Program is available for all equipment acquisitions regardless of lease finance term or structure. Typically, payments are deferred 3-6 months. Interest is accrued for the deferred payment months and then spread evenly over the remaining lease finance term. Rates for the deferral period are exactly the same as for the full lease finance term.

TEQlease Education Finance Account Executives will provide detailed finance quotes, breaking out interest costs over the life of the lease finance term. For more information, contact your TEF Account Representative or call TEF at (844) 222-1006.

TEQlease Education Finance Exhibiting at TCEA

TEQlease Education Finance will be exhibiting at the Texas Computer Education Association Conference in Austin, TX on February 4-6.

Come say hi to the team at Booth 2524! Representing the TEQlease Education Finance team will be Mike Lockwood, Dana Andrada, Stephanie Epp, Greg Hubach and Dave Spahr. TEQlease Education Finance is the leading provider in equipment financing for schools across the U.S.

TEQlease was founded in 2000 and is based in Calabasas, California. For more information, visit https://www.teqlease.com/education_equipment_financing/

For more information about the conference and to contact TEQlease Education Finance, call us at 844-222-1006.

Reth to Lead TEQlease Hospitality Equipment Finance

Henry Reth has joined TEQlease Hospitality Equipment Finance as its Team Lead with the goal of expanding the Division. Reth joins TEQlease with over 10 years experience in Construction Project Management as well as an extensive background as an Account Executive. He will be assisting the Hospitality Industry and working with hotels to explore finance options for capital equipment projects.

TEQlease Hospitality Equipment Finance specializes in equipment finance and leasing solutions for Marriott-Brand and other hotels in the United States and Caribbean. For the past 10 years, TEQlease has provided pre-approved capital equipment financing to all Marriott brand properties throughout North America. Eligible lease and loan transactions range from 24 to 60 month terms, for fitness/gym equipment, phone systems, kitchen equipment, golf carts and golf course maintenance equipment, vans/buses, furniture, fixtures and equipment (FF&E) and more. Transactions can be structured as operating leases and loans.

Newline Announces Strategic Partnership with TEQlease

PLANO, Texas, Sept. 20, 2019 /PRNewswire-PRWeb/ — Newline Interactive is pleased to announce a strategic partnership with TEQlease, a technology equipment financing company.

Many schools, companies and other organizations have a limited or time-constrained budget for technology purchasing. As a premier manufacturer of interactive touch displays, Newline is dedicated to bringing best-in-class solutions to these customers and supporting their budget needs became an additional goal.

Bridging the gap with financing was the solution and the partnership with TeqLease became the obvious choice due to their strength in the market and commitment to excellence.

“The Newline and TeqLease partnership is a powerful combination. Our technology offering combined with the financing approach creates a unique solution that will allow us to make a positive impact on more of our customers.” stated Ty Hall, Vice President of Sales for Newline Interactive.

With the ever-increasing need for technology in schools and businesses, organizations sometimes can’t afford to refresh them as often as they would like. TeqLease provides the opportunity to anticipate these needs, which allows their customers to stay current on recent advances in AV and IT tech.

“Partnering with Newline to deliver best-in-class collaboration technology to our clients requires us to provide the very best business financing strategies and a choice of financing solutions,” said Mike Lockwood, President of TEQlease. “Together, working as one team, allows us to customize financing solutions to help clients unlock the full potential of digital transformations and place our clients on the best path for success.”

More about Newline Interactive
Founded in 2012, Newline Interactive provides exceptional experiences to corporations, universities, government agencies, healthcare and schools with their multi-touch interactive panels, accessories and software. The continual innovation and product development Newline practices results in the company’s reputation as a world-class organization without exception. Find out more at newline-interactive.com.

More about TEQLease
Since 2000, TEQlease Capital has provided equipment financing solutions for businesses and educational institutions and offered equipment vendor finance programs across all industries. The focus is on service, including the equipment acquisition process and working with vendors, closing and documentation, administration and billing, and equipment return and auditing. For more information, visit https://www.teqlease.com.

TEQlease Education Finance Provides Technology Financing To Burns Sci-Tech Charter School

Burns Sci-Tech Charter School of Oak Hill, Florida has entered into an equipment lease agreement with TEQlease Education Finance to finance new technology for the school. The project required 7 vendors to provide equipment to Burns for use across the campus.

Lief Fox, Director of IT said “With the start of school a month away, TEQlease was able to turn around 7 POs and get the ordering process started within a day of approval. We have worked with Dave Spahr and TEF in the past and have found their process to be quick and seamless. As a result the equipment was delivered and installed in time for the start of school.”

Burns Sci-Tech serves over 600 students in grades K-9. The school’s mission is to cultivate learners and leaders who are inspired, able, and prepared to make a positive difference in the world. Burns Sci-Tech is committed to providing challenging educational experiences through a rich and well balanced curriculum, emphasizing science in a technologically saturated environment.

TEQlease Education Finance specializes in providing equipment for public, private, charter and religious schools across the U.S. TEQlease was founded in 2000 and is based in Calabasas, California. For more information, visit https://www.teqlease.com/education_equipment_financing/