Go Marauders! TEQlease Education Finance Finances Buses for Central State University Athletics

Central State University is a public institution that was founded in 1887. It has a total undergraduate enrollment of 6,035 (Fall 2021), its setting is rural, and the campus size is 638 acres. Established at Tawawa Springs, Ohio, in 1856, it is affiliated with the African Methodist Episcopal (A.M.E.) Church and is one of the oldest Black-administered institutions of higher education in the nation. The University has grown steadily since its founding.  There are four Colleges: Education; Engineering, Science, Technology, and Agriculture; Business; and Humanities, Arts, and Social Sciences. Additionally, new academic programs have been added along with a School of Agricultural Education and Food Science, an 85,000 sq. ft., University Student Center, and five residence halls. The most recent residence hall opened in fall 2019 and is the University’s first 250-bed apartment-style facility.  In summer 2020, the University celebrated the grand opening of the Botanical Garden, which will serve the campus and local communities by providing a space to engage in and observe the benefits of meditation and agricultural best practices.

Central State University recently acquired two buses for its athletic department to transport student athletes to competitions, using financing facilitated by TEQlease Education Finance. The buses were two 2022 Touring Coaches, complete with special Central State University marauders artwork and logos.

“Curtis Pettis and the entire CSU administrative staff worked very hard under time constraints to make this transaction happen on time. Working together we were able to get the registration documentation completed just in time for the school to use the buses for the next athletic event,” said Bruce Fornatoro, TEQlease Education Finance Senior Account Manager.

“TEQlease has been a life saver.  They have a smooth and efficient process from idea to completion.  Central State University has found a great partner in helping us manage our limited resources through a leasing program that fits our unique needs. We will continue to use TEQlease when we have an important project.” Replied Curtis Pettis, Vice President for Administration and Finance & CFO.

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/  

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