COVID19: Financing Your Hotel Equipment During a Pandemic

As July approaches we can’t wait to finally start traveling, staying in our favorite hotels, and getting back to the new normal. Hotels and hospitality chains will start to resurface and open again with precaution of COVID19 and restrictions are becoming part of our daily routine, most companies are deciding to hold off on big financial projects and decisions until 2021 possibly even 2022. As an equipment leasing finance partner we are here to help you navigate these decisions and walk you through the entire process.

Hotels and hospitality chains are having to rethink the configuration of gyms, bars/restaurants, spas, and other misc. items on their properties. However, with the shelter at home in place we have seen hotel chains have intense innovations to weather this storm that is COVID19. The hotel industry is very resilient and we should start to see more keyless operations, higher cleaning and sanitation standards, and “roomier” hotel layouts. With these changes comes big questions about how to obtain everything your hotel needs to be up to code for guests to feel comfortable as we start traveling again.

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 marketing@teqlease.com for a detailed financing quote suitable to your hotel needs.

ICU Technologies and TEQlease Capital Create Partnership to Help Local Governments and School Districts

ICU Technologies and TEQlease Capital Create Partnership to Help Local Governments and School Districts Affected by Impending Budget Cuts with Security Equipment Leasing Options.
ICU Technologies, Inc. and TEQlease Capital are pleased to announce they have entered a strategic partnership to provide ICU Technologies’ public safety and security solutions to local government agencies and public-school district customers with equipment lease financing options.
“The timing for this partnership could not be better as local governments, police departments, and public-school systems face potentially steep budget cuts due to Covid-19,” described Brian Van Norman, CEO of ICU Technologies. “These departments are looking to optimize and re-invent themselves and ICU Technologies can play a vital role in those efforts. Our partnership with TEQlease Capital helps these critical government services fund the necessary purchases,” Brian concluded.
“We look forward to working with ICU Technologies to deliver best-in-class lease financing solutions, to help make ICU’s solutions budget-friendly and affordable,” pronounced Mike Lockwood, President of TEQlease Capital.
Founded in 2010, ICU Technologies offers public safety security technology solutions to local government, law enforcement agencies, and public-school systems from elementary through universities. For more information call 1.530.488.7200 .
TEQlease Capital leases and finances new and used equipment to all businesses regardless of industry. Contact TEQlease Capital at 1.818.222.1006.

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.

TEQlease to Attend ISTE 2019 Philadelphia

TEQlease Education Finance, will be attending ISTE 2019 in Philadelphia June 24-26, 2019. Representing TEQlease Education Finance will be Dave Spahr, Erika Aguirre, Dana Andrada, Stephanie Epp and Mike Lockwood. We look forward to an exciting conference with you, and to seeing all our technology partners.

TEQlease Education Finance specializes in providing equipment financing 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/

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

TEQlease Hospitality Equipment Finance Provides $150K Pre-Approval Program to Marriot-Brand Hotels

TEQlease Hospitality Finance announced a new program for Marriott-Brand hotels for a Pre-Approved $150,000 Equipment Leaseline for capital improvement projects.

TEQlease Hospitality Finance specializes in equipment financing for Marriott-Brand hotels in the United States and Caribbean. 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.

Below are sample terms for your hotel’s Pre-Approved Equipment Leaseline:

Equipment Cost 36 Months 48 Months 60 Months
$50,000.00 $1,567.00 $1,218.00 $1,007.00
$100,000.00 $3,134.00 $2,436.00 $2,014.00
$150,000.00 $4,701.00 $3,654.00 $3,021.00

For more information, visit our web site here, or feel free to give us a call at 844-222-1006.