TEQlease Education Finance offered Wewoka Public Schools a comprehensive financing solution with a deferred payment plan tailored to the district’s budget requirements. Financing the project was designed to stretch repayment over 3 budget cycles for the first phase and 5 budget cycles for the second phase. The project first phase involved installing 117 dome and bullet cameras with security software licenses. The project second phase involved installing another 67 dome and bullet cameras, as well as door access controls and access card readers. The district used tax-exempt financing offered by TEQlease Education Finance to accelerate implementation of the projects despite budget constraints.

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

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TEQlease Education Finance offered Community Schools of Frankfort a comprehensive financing solution with a deferred payment plan tailored to the district’s budget requirements. Financing the refresh project was designed to stretch repayment over 4 budget cycles and to defer the first payment to align with the commencement of the new school budget year. This allowed Community Schools of Frankfort to get the project started well in advance in order to reach completion goals during the summer break. The district used tax-exempt financing offered by TEQlease Education Finance to acquire student laptops in 2020, and then again in 2024.

“I had the pleasure of working with Debbie Bracken and the team at Frankfort Community Schools to refresh their devices that were purchased in 2020. The district was quick to respond and process all of the finance requirements in an efficient and timely manner so they could obtain the much needed devices,” said Stephanie Epp, Senior Account Executive.

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

The post TEQlease Finances Student Laptops for Community Schools of Frankfort appeared first on TEQlease Capital.

TEQlease Education Finance offered Belton Preparatory Academy financing solutions for the acquisition of both types of equipment. Financing the classroom interactive displays was structured as a 5 year equipment loan to match the anticipated useful life of the displays, while the chromebooks were financed over 3 years. In each case, the goal was to stretch repayment over multiple budget cycles to align with the equipment usage over multiple school budget years. This allowed Belton Preparatory Academy to acquire all the equipment it needed up front while appropriately budgeting for technology obsolescence.

“Belton Preparatory Academy asked us to customize the financings based exactly on the types and usage of the technology,” said Dave Spahr, Senior Account Executive. “The school had a precise plan for what technology they wanted to acquire.”

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

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TEQlease Education Finance offered Lindbergh Schools a comprehensive financing solution with a deferred payment plan tailored to the district’s budget requirements. Financing the refresh project was designed to stretch repayment over 4 budget cycles and to defer the first payment to align with the commencement of the new school budget year. This allowed Lindbergh Schools to get the project started well in advance in order to reach completion goals during the summer break.

“This was not the first chromebook refresh for Lindbergh Schools since it was part of its blended learning initiative in place for several cycles now,” said Marcus Brown, Senior Account Executive. “The school management and Technology Advisory Committee knew exactly how they wanted to approach the financing, and they were efficient and organized at every step.”

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

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TEQlease Education Finance offered St. James Parish School System a comprehensive financing solution with a deferred payment plan tailored to the district’s requirements, that also accommodated a necessary lengthy installment timeframe. Financing the security project was designed to stretch repayment over 5 budget cycles and to defer the first payment to align with the commencement of the new school year. This allowed the district to get the project started well in advance in order to reach completion goals by end of summer break.

“It was great working with St. James Parish School System,” said Chris Possis, Senior Account Executive. “The school management knew exactly how they wanted to approach the financing, and they were efficient and organized at every step.”

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

The post TEQlease Finances Campus Security Upgrades for St. James Parish School System appeared first on TEQlease Capital.

Be sure to stop by booth #788 and visit with the TEQlease Education Finance team. We’ll be there all three days.

Follow along for more updates pre, during, and post conference on our LinkedIn for updates from the conference at https://www.linkedin.com/showcase/teqlease-education-finance

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/

Looking forward to connecting at ISTE 2024!

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“Pre-pandemic the focus was always on schools carefully allocating available funds to competing capital projects” said Michael Lockwood, President of TEQlease Education Finance. “As 1-to-1 device adoption exploded during the pandemic to accommodate remote learning, schools had federal funds to manage full student computer deployments. Now many of these student computing devices must be replaced and refreshed. In addition, as school safety and security needs become paramount, schools want to invest in comprehensive security to protect students.” However, schools across the country are seeing budgets shift from flush to strained as billions of pandemic aid runs out, putting at risk programs added with Covid-relief funds.

With large competing necessary projects, schools must find a way to pay for the capital projects they need. “All school equipment can be financed or leased, spreading the cost over 3 to 7 budget years depending on the type of equipment”, Lockwood continued. In addition, where technology obsolescence is a concern, schools can select to lease rather than finance.

TEQlease Education Finance specializes in providing best-in-class equipment lease financing solutions for public, private, charter, and religious schools across the United States, focusing on providing unparalleled service and lowering acquisition finance costs, working with customers and equipment vendors through the entire equipment acquisition financing process. TEQlease Education Finance leases and finances all types of school equipment to all types of schools, nationwide. Assigned territory account managers have closed many education transactions and have experience in your state; they are dedicated to helping schools get technology into the classroom on competitive, budget friendly terms. 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

The post Fiscal Cliff Budget Solutions with Lease Financing for Student Devices, Security Equipment and Interactive Panels appeared first on TEQlease Capital.

The school’s current lease for interactive displays was ending so the devices had to be returned. Newline TRUTOUCH 75-inch Multi-Touch Interactive Display digital whiteboards and HoverCam Pilot digital teaching stations were selected after a thorough due diligence process. Erika Aguirre, Senior TEQlease Education Finance Account Manager, worked with the school district to structure a favorable timeline to make sure the devices were received in a timely manner. Documentation was also customized because the school district wanted the purchases for each school campus to be organized separately.

“Working with Teqlease was a very straightforward and easy process. It has been a breeze from start to finish. Erika, our account rep, did an amazing job with changes that needed to be made during the process as well. Using an equipment lease allowed us to get more technology into classrooms than we otherwise would have. Highly recommend them!”

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/

The post TEQlease Education Finance Provides Interactive Displays Lease Financing to Monroe County (AL) Board of Education appeared first on TEQlease Capital.

“Student computing devices remain our top leased equipment type this year, with just over half of TEQlease origination volume coming from student chromebooks, notebooks, laptops, and Apple devices” said Michael Lockwood, President of TEQlease Education Finance. “As 1-to-1 device adoption exploded during the pandemic to accommodate remote learning, schools have managed full student computer deployments, and are now contemplating device refreshes.” However, schools across the country are preparing to see their budgets shift from flush to strained as billions of pandemic aid runs out in less than a year, putting at risk programs added with Covid-relief funds.

Second on the TEQlease Education Finance equipment type list is security equipment. Many schools have a mix of legacy and upgraded video surveillance systems, often needing more seamless integration and notification capabilities. “The increase in financed security systems is not surprising as school safety concerns continue to increase,” continued Lockwood. “However, it isn’t just video surveillance cameras and software that schools are financing, but rather a broad equipment list integrating several components of school security products.” Financed security equipment can include access control systems and intrusion detection, electronic and wireless locks, credentials including key cards, key fobs, and mobile devices, environmental and motion sensors, video surveillance, alarm and emergency systems, metal detectors and weapons detection systems, cyber-security software, and increased wireless access.

According to a comprehensive research report by Market Research Future (MRFR), “School and Campus Security Market, By Type, By Hardware & Software – Forecast 2030”, the market will touch USD 8.85 billion at a 19.6% CAGR by 2030.

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 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

The post Student Devices, Security Equipment Top TEQlease Education Finance 2023 Equipment Lease Financing appeared first on TEQlease Capital.

How does a Single Pay FMV Lease work? The lease structure is set up so that the school or school district can make one up front payment for the right to use the equipment for the entire 3 to 5 year term of the lease. Since the payment is up front, no interest charges are incurred. Schools will pay a single payment equal to the cost of the equipment, less the residual investment in the equipment made by the lease finance company. In effect, the school is getting a discount equal to the lessor’s residual investment because the school doesn’t own the equipment, and has predictable options to return or purchase the equipment at lease expiration. Since the school may return the equipment, it won’t be stuck with older, obsolete equipment that it needs to sell. The lease finance company will take care of disposition and sale, and should help with organizing the lease end process. Proper device disposition also addresses data and environmental risks.

Here is an example: A school is acquiring notebooks costing $200,000. The desired use of the notebooks is 3 years. The lessor’s residual in vestment is 18% of cost, or $36,000. The school will pay $164,000 up front for the right to use the equipment for 3 years. After 3 years, the notebooks can be returned to the lessor, however the notebooks need to be in good condition, functioning, except for ordinary wear and tear. The lessor ships packing boxes to the school at lease end at lessor’s expense. The school packs the boxes and ships them to the lessor, also at lessor’s expense.

TEQlease Education Finance recently has completed several single pay FMV leases of education technology equipment, including laptops, interactive panels and chromebooks. Ask us about how these transactions were structured, for school and school district references, and about our favorable end of lease terms. TEQlease Education Finance is dedicated to helping schools get technology into the classroom on competitive, budget friendly terms. Your assigned territory account managers have closed many education transactions and have experience in your state.

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