TEQlease Education Finance and TROX Help Finance and Supply IT Equipment for Newest STEAM+E Academy in Puerto Rico

After 30 years of administering a proven effective curriculum for a charter school, New Jersey-based LEAP Social Enterprise, Inc. began looking to develop and open a STEAM+E Academy in Puerto Rico. LEAP’s CEO and Founder, Dr. Gloria Bonilla-Santiago, knew Puerto Rico has been in dire need to provide school choice options and experience the potential benefits of a focused charter school. LEAP, TEQlease Education Finance, and TROX all worked together to finance IT equipment needed to replicate the learning model LEAP schools have in place in the New Jersey school.

Dr. Santiago commented further on the relationship and transaction: “We needed a funding source to be able to accomplish our goal of opening STEAM +E Academy and we were limited due to the school being a startup and located in Puerto Rico. There were a few hurdles we had to jump through but with Erika and TEQlease’s expertise and persistence we were able to acquire the equipment we needed.”

“It was a pleasure working with LEAP as they were well informed and provided any information we needed promptly. It was also great to be a part of their inspiring mission of bringing more quality school choice options to Puerto Rico,” replied Erika Aguirre, Senior Account Manager.

TROX, a trusted education IT equipment partner, played a big role in helping get all the IT equipment together and prepared in order for LEAP to be able to begin fostering initiatives such as bilingual and educational methods based on the STEM and entrepreneurship. For more information on TROX, visit https://www.trox.com

TEQlease Education Finance specializes in providing best-in-class equipment lease financing solutions for public, private, charter and religious schools across the United States. TEQlease Education Finance focuses on providing unparalleled service and on lowering acquisition finance costs, working with customers and equipment vendors through the entire equipment acquisition financing process. TEQlease Education Finance is a division of TEQlease Capital, founded in 2000 in Calabasas, California. For more information, visit https://www.teqlease.com/education_equipment_financing/

Use Equipment Lease Financing to Supplement CARES Act Funds

TEQlease Education Finance understands how to best supplement CARES Act funds while making sure your school can acquire everything it needs to function safely in a COVID and socially distanced learning environment. This includes but is not limited to: school buses, security systems, IT/software, playground equipment, classroom furniture, as well as personal student devices.
The Coronavirus Aid, Relief and Economic Security (CARES) Act provides funding and flexibility for states to respond to the COVID-19 emergency in K-12 schools. As a company we have seen that most of CARES Act funding is being channeled into hybrid and social distanced learning equipment. While the CARES Act is effective for helping schools to cover regular costs for the 2020-21 school year,; equipment lease financing is available to help cover the additional items and equipment that schools will need that CARES ActCT doesn’t cover. Ask one of our knowledgeable education account reps for a finance estimate for capital equipment projects not covered by CARES Act funds.
TEQlease Education Finance specializes in providing best-in-class equipment lease financing solutions for public, private, charter and religious schools across the United States. TEQlease Education Finance focuses on providing unparalleled service and on lowering acquisition finance costs, working with customers and equipment vendors through the entire equipment acquisition financing process. TEQlease Education Finance is a division of TEQlease Capital, founded in 2000 in Calabasas, California. For more information, visit https://www.teqlease.com/education_equipment_financing/ or call (844) 222-1006.

Flexible Financing Options for Q4

Using financing as a sales tool to help close business in the fourth quarter is much more than just waiting for customers to ask about financing. It’s about understanding your customer’s needs and putting together a solution to address those needs. That’s certainly true when you’re selling the benefits of your equipment and it’s also true when providing a financing solution tailored to meet those needs.

To that end, TEQlease is rolling out a series of customized, flexible financing options designed to help our vendor partners sell more equipment. These are part of our special promotions available through the end of 2017.

These options include:


Deferred Payment Plan

This option is perfect for situations where it may take a few months before the equipment is generating revenue for the customer. It gives Vendors the option of making the sale today, getting paid in full today, and allowing the customer to defer payments for as long as 90 days.

Seasonal Payment Plan

This option is designed for customers with fluctuating periods of higher or lower revenue. Think of an ice cream store in Minnesota or a winter coat store in Florida. The customer can designate 3 consecutive months during any 12 month period for reduced (as low as $25.00) monthly payments.

Quarterly, Semi-Annual, Annual Payments

Different companies budget in different fashions. TEQlease has the ability to customize the timing of the payments to fit the client’s budget. For example, a Charter School may receive annual funding. We can create an annual payment option to mirror this. Or a contractor might get paid on a quarterly basis. We can schedule the financing payments accordingly.

Residual Programs

If it helps close a sale, we have the ability to “backload” a transaction and thereby keep the payments especially low. For example, we can defer 10%, 20%, even 30% as an end of term residual payment. As a result, the customer’s monthly payment would go down accordingly.

“Same as Cash”

Need a special program similar to the “5 years, 0% interest” programs you see on TV? Let’s talk! We have experience putting these together for qualified vendor partners.

Which of these programs would be most helpful to you? We’d be happy to discuss how these options can work in your business and help you close more equipment sales faster. Want to learn more? Give me a call (or email) today so we can get started for you. If you’d like schedule a specific time to talk, click here.

JS Clark Leadership Academy Protects Its IT Investment with TEQlease

JS Clark Leadership Academy, located in Opelousas, Louisiana, has entered into an equipment lease transaction with TEQlease Education Finance. JS Clark Leadership Academy leased accessories for iPad Air’s provided by Otterbox. This is the fifth lease transaction TEQlease Education Finance has provided to JS Clark Leadership Academy.

“TEQlease Education Finance was able to assist us with our technology upgrade and acquiring all the equipment we needed,” said Tiffanie Lewis, CEO of JS Clark Leadership Academy. “Erika Aguirre and the rest of the TEF team worked very closely with us to develop terms that meet our budget requirements. They are really easy to work with.”

“We are pleased TEQlease Education Finance was again able to provide JS Clark Leadership Academy the lease financing the school needed to maintain its technology,” said Mike Lockwood, President of TEQlease Education Finance.  “Just as with JS Clark Leadership Academy, we can customize lease financing solutions for any school, and we take pride in doing it well.”

TEQlease Team Visits Westlake Charter School

Westlake Charter School  kindly hosted TEQlease Equipment Finance Specialists and staff Erika Aguirre, Jamell Dorton, Dana Andrada and Mike Lockwood on March 20, 2017 just before the CCSA conference.

John Eick, Executive Director, and Steve Korvink, Chief Business Officer, gave the TEQlease team a tour of the new school construction that will combine all Westlake Charter School K-8 students in one location this Fall.

The building, grounds and the collaborative thought process that will result in an incomparable educational facility are most impressive.  The facility’s collaborative design process sought input from teachers, staff members and Westlake’s community, and will ultimately result in a truly exceptional campus.

Westlake Charter School currently operates from two separate campuses, consisting entirely of portable classroom buildings. The new site is nestled into the North Natomas community and shares an adjacent city park for additional outdoor exploration and educational opportunities.

In addition to modern learning spaces, Westlake Charter School will feature a gymnasium, cafeteria/multi-purpose space and abundant technology to support the school’s commitment to a technology-rich environment. The new school is scheduled for completion in August 2017.

“All my customers pay cash”

TEQlease works with equipment vendors across a wide range of industries.  The common denominator across all of these industries is that we make it easier for vendors to sell equipment by making it easier for their customers to buy from them.

Occasionally, we’ll hear a vendor tell us that financing doesn’t apply to them.  “All my customers pay cash”, they say.

Let me be clear, if you have a customer that’s paying cash, take It!  (Of course, there may be an opportunity to up-sell, but that’s a topic for another time.)

But according to recent surveys, nearly 8 out of 10 businesses across the United States use financing to acquire business equipment.  You can review the key findings here.

If all your customers are paying cash, you’re probably leaving money on the table.  According to that report, “The share of cash purchases declined for companies of all sizes from 2011 to 2015″.  (emphasis added)

If your sales aren’t what you’d like them to be, and you’re not offering financing, you might be competing with somebody who is.

Want to learn more?  Give me a call (or email) today so we can get started for you.  If you’d like more information first, click here.


TEQlease Team Attends World of Concrete 2017

Our team recently attended the World of Concrete 2017 Conference in Las Vegas.  Reports are that well over 50,000 industry professionals attended the show over its 5 days.

We had the chance to see old friends as well as make many new ones.  As a sign of how strong the industry is these days, the team came back with several financing requests in hand.

Thanks to Sergio, Albert, Will, Dirk and Denise (Denise missed her picture!) for their dedication and commitment to our customers!

TEQlease Capital is a leader in the equipment financing industry.  We are dedicated to providing comprehensive financing options for equipment buyers and sellers.

In the Concrete Industry?  Interested in working with a company that really understands and is committed to your needs?  Give TEQlease a call at 818-222-1006.  We measure our success based on helping you succeed.

TEQlease Attends Ohio Charter School Conference

TEQlease Education Finance attended the Ohio Charter Schools Conference in Columbus, Ohio from December 7-8, 2016.  The conference included attendees from Charter Schools around the state of Ohio, as well as over 40 supporting Exhibitors in the exhibit hall.

TEQlease Education Finance had the opportunity to discuss lease financing with many schools throughout the duration of the conference.  Many were looking into purchasing equipment such as iPads, Chromebooks, furniture, playground equipment and much more.  TEQlease is able to get charter schools the equipment they need by helping them stretch their budget with monthly, quarterly, or annual lease payments over terms up to five years.

“The Conference was really remarkable.” said Erika Aguirre, Education Specialist with TEQlease.  “It was a great opportunity to meet some of the people who support and educate Ohio’s children.” Continue reading “TEQlease Attends Ohio Charter School Conference”

Trinity Basin Preparatory uses Lease Financing to Manage Growth

Trinity Basin Preparatory (TBP), a free, open-enrollment public charter school with campuses in Dallas and Fort Worth, has entered into three equipment lease transactions with TEQlease Education Finance (TEF).  The transactions include a variety of equipment, including school furniture from Staples Office Furniture, iPads from Apple, and smartboards from School Tech Supply.

Trinity Basin Preparatory continues to experience increased enrollment and now has 2,780 students in grades Pre-K – 8.  Bruce Fornatoro, TEF Account Executive, worked closely with Trinity Basin Preparatory to meet the prompt delivery requirements and manage the multi-vendor order process.

“The lease finance agreements provided by TEQlease allowed Trinity Basin Preparatory’s students to receive new equipment in classrooms while furnishing 17 new classrooms for the 2nd year of 15%+ growth,” said James Dworkin, TBP’s Chief Financial Officer. Continue reading “Trinity Basin Preparatory uses Lease Financing to Manage Growth”

The Material Handling Equipment Market Is On the Rise

A new Global Handling and Lifting Equipment Market research report has recently been released.  The report, which was put together by experts

through detailed market analysis, covers the industry landscape and prospective growth over the next four years.

The report states that the material handling equipment market is expected to grow by 10.57% between now and the year 2020.  This includes any type of equipment used in the transportation and storage of materials and assemblies.

To read the full article, click here.

For those looking to purchase material handling, or any type of equipment, TEQlease provides lease financing options to make it easier for companies to buy.  Lease financing not only allows businesses to spread out the acquisition costs of the equipment, but it also may provide tax advantages, protection from obsolescence, and improved cash flow.  These benefits coupled with low interest rates make for an opportune time to finance or lease your new equipment, as well as to offer financing to your customers for those who sell equipment. Continue reading “The Material Handling Equipment Market Is On the Rise”