TEQlease Education Finance had the opportunity to discuss lease financing with many schools throughout the duration of the conference.  Most were planning on purchasing equipment for the coming year such as IPads, Chromebooks, IT, furniture and more.  In most cases, TEQlease is able to get these schools more equipment by helping them stretch their budget with monthly, quarterly, or annual lease payments over terms up to five years.

Want a free lease quote?  Send us a copy of your equipment invoice from your vendor and we’ll get you lease options within a day!

TEQlease Education Finance is a division of TEQlease Capital, a nationwide provider of equipment lease financing solutions across all industries, including manufacturing, education, distribution, financial services, healthcare and retail organizations. TEQlease Education Finance has a unique focus on providing solutions to educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease Education Finance by visiting our web site here.

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Q:  Why should a school look into financing as an option to obtain their equipment?

Dan Riggs:   There are multiple reasons a school should finance equipment acquisitions.  The main reason is to not pay the full cost of the equipment out of pocket.  This allows the school to preserve existing cash, which can be used for unseen expenses that come up throughout the year as well as other school expenses.  Spreading the costs over several budget periods rather than paying for it all at once also allows a school to get more of the equipment they need now, rather than just a portion of it.  The school is not constrained by its current budget allocation.

Q:  What kind of equipment can be financed?

Dan Riggs:  Schools can lease all of the capital equipment it uses, including, but not limited to, computers, software, tablets, school furniture, modular classrooms, cameras and security equipment, copiers, gym and fitness equipment, phone and paging systems, and playground equipment.  In the past, we have even been able to lease textbooks, which is pretty amazing.

Q:  How long does the entire process usually take?

Dan Riggs:  One of the common misconceptions with financing is that it is going to be a long, overly strenuous process.  However, this isn’t the case.  Credit approval can be completed within a day.  If the lease structure is complex it may take longer.  Funding typically occurs within 24-48 hours after delivery of the equipment and your confirmation that the equipment you received from the vendor is complete and acceptable.  Much of it actually depends on what the time frame is for the school.  We have gotten certain transactions done as fast as a week, however realistically equipment vendors often take longer to deliver the equipment.  Some schools prefer to get approved before selecting what equipment they want, so that lease cost and a budget can be established.  That way the school has a view of what it can spend, and all that remains is receiving quotes from vendors and selecting their equipment.

Q:  What happens at the end of the term?

Dan Riggs:  Well this really depends on what kind of financing the customer chooses.  The most common types are fair market value (FMV) (also called a true lease) options at the end of the term and dollar buyout leases (also called a capital lease) where the school is basically “buying” the equipment for $1.00.  Schools that choose to work with an FMV lease often obtain and lease equipment that quickly depreciates in value.  Dollar buyout leases are ideal for those who plan on keeping the equipment at the end of the lease term, and for equipment with a long useful life.  The type of lease you select will often depend on the type of equipment, and how you plan to use it, and this will determine what you do with the equipment at the end of the term.

Q:  Why should we choose TEQlease Education Finance?

Dan Riggs:  TEQlease Education Finance has been providing equipment leasing solutions to schools for many years.  We are regarded as one of the leading education equipment lease financing companies in the United States, and our expertise with charter schools is unparalleled.  Our education specialists have years of experience and understand the issues that are particular to schools.  We will present you with the best financing options for your charter school.  Our goal is to help you get the equipment you need quickly with a payment structure that meets your budgetary needs.

Dan Riggs is an Education Specialist at TEQlease Education Finance.  If you have any questions or want to find out how TEQlease Education Finance can get your school the equipment it needs, call Dan at 844-222-1006 or email him at driggs@teqlease.com

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 “As part of our mission, we offer an exceptional interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge gaps between theory and practice,” said Irene Sumida, Executive Director of Fenton Charter Public Schools.  “The financing from TEQlease Education Finance has allowed us the flexibility and customization we needed to meet our extraordinary technology needs, and to expand into a new building to accommodate the newly introduced elementary schools.”

“Fenton Charter Public Schools is an innovative charter school group, with a famous history in Los Angeles.  Fenton Avenue Charter School was one of the first charter schools approved by the state of California in 1993. We are very pleased to provide the equipment lease financing that the school required to expand and deploy technology throughout its five schools,” said Mike Lockwood, president of TEQlease. “We are deeply committed to helping charter schools with the funding they need to educate their students. In addition,we are excited to be part of such a special project, and we take pride in knowing that our efforts go to an excellent cause and help shape the minds of the future.”

ABOUT Fenton Charter Public Schools

Fenton Charter Public Schools is a California-based charter school group in operation since 1993.  Fenton Charter Public Schools caters to Pre-K-6 students and has recently opened two new schools, the Fenton STEM Academy and the Fenton Charter Leadership Academy.  Fenton Charter Public Schools’ mission is to offer high quality innovative education to all students in a safe, secure, nurturing environment where students, parents and staff become a community of learners achieving collaborative and successful outcomes.  For more information, please contact Fenton Charter Public Schools at (818) 896-7482 (www.fentoncharter.net)

ABOUT TEQlease

TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries, including manufacturing, education, distribution, financial services, healthcare, and retail organizations. TEQlease Capital has a unique focus on providing solutions to educational institutions. Founded in 2000, the company is based in Calabasas, California. For more information visit http://teqlease.com, call 1-818-222-1006, or email info@teqlease.com.

The post TEQlease Education Finance Provides Equipment Lease Financing To Fenton Charter Public Schools For Expansion appeared first on TEQlease Capital.

No great private imbalances exist.  There is no over-investment.  No great over-confidence in sentiment exists.  Marginal investment opportunities are fatter & juicier than at any other time in modern history.

With this back-drop, from where does a recession emerge?”

Tech: Your Mac is Not Invincible

Think your Mac is invincible? Maybe this article from Mashable will change your mind: 3 Ways to Protect Your Mac From Malware . Bottom line is as  “more users make the switch to Apple products, the more we can expect criminal malware to follow.” In other Apple news,  Business Insider released their list of “The Best Gadgets Of 2012.” Not surprising, Apple is packing the list. On a related note, want to know more about the technology powering Siri? Check out Why Siri Matters.

Ready for a tablet? If you are in the hunt check out CNN Money’s recent review “ Is Microsoft’s new tablet the most inventive yet, or is it just another iPad copycat  According to the CNN reviewer, “Surface is a remarkable accomplishment for Microsoft. But a crucial question remains: Is it an iPad competitor or a PC.” Surface isn’t the only new tablet to launch. Google unveiled their new tablet “The Nexus 7” at $199. The tablet will hit the market in mid-July .

Social Media: Facebook Did What?

While many of us kept our eye on the Facebook IPO, Facebook continued to keep busy with user changes. Last week Facebook removed everyone’s email from their profile and replaced it with a @facebook.com address. Don’t like it? Check out “Here’s How to Fix Yours” via Lifehacker.

When are “The Best Times to Tweet and Post to Facebook?” Turns out they are not the same so if you are tweeting and posting make sure to read the article. By the way, before you try advertising your SMB on Facebook, you need to read “What SMBs Need to Know About Advertising on Facebook.”

Not to be out done by the other social media platforms making news,  Twitter has turned off  the ability to sync tweets with your LinkedIn profile.

Business Innovation & More

Guy Kawasaki, former chief evangelist for Apple and founder of AllTop, knows a few things about business innovation. Here are  5 innovation tips every business should deploy including tip #1, “If you really want to innovate, give meaning to your product.” Are you trying to drive more traffic through your web site through link building? Then, you really need to read “Link Building Means Earning “Hard Links” Not “Easy Links”.

In order to make sure you squeeze more productivity out of your mornings, Fast Company details “What the Most Successful People Do Before Breakfast.” Looking for career advice? Forbes recently published “The 3 Best Career Tips From Nora Ephron.” Here’s my favorite: Sometimes unpaid projects provide the best returns. Agree?

The post Roundup: It’s the Economy, Your Mac is Not Invincible, and Facebook Did What? appeared first on TEQlease Capital.

Questions to think about include how will this impact your business, the products and services that you deliver, and whether your business will be ready?

According to Steve Kleynhans, research vice president at Gartner, “Many call this era the post-PC era, but it isn’t really about being ‘after’ the PC, but rather about a new style of personal computing that frees individuals to use computing in fundamentally new ways to improve multiple aspects of their work and personal lives.”

The consumerization of IT has been taking place for nearly a decade. However, Gartner believes the next wave is starting to place as the following factors come together:

• Users are more technologically savvy and have very different expectations of technology.
• The Internet and social media have empowered and emboldened users.
• The rise of powerful, affordable mobile devices changes the equation for users.
• Users have become innovators.
• Through the democratization of technology, users of all types and status within the organizations can now have similar technology available to them.

How will your business respond?

The post Personal Cloud Will Replace Personal Computers by 2014 appeared first on TEQlease Capital.

One of the standout new textbooks announced today was E.O. Wilson’s Life on Earth, the Harvard professor’s attempt to rethink the biology textbook. Aside from what wisdom it will bring about the Mesozoic Era, perhaps its most interesting element is that it is being released chapter by chapter. The first two chapters are available for download now; the remaining ones will be available later at an “aggressive” price.

What does this mean for education? As an Apple Financial Services partner we believe that today’s announcement will drive an even greater demand for and use of the iPad in schools. Over the last two years we are leasing in increasing number of iPads to our charter school customers . Forrester agrees with our assessment of the growing demand for iPads in the classroom. In their blog post about today’s announcement, Forrester reports that “the iPad –which now outsells Macs in schools, according to Apple—is capable of much more than what has previously been produced.” Looks like Apple is intent on reinventing how our students learn.

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