TEQlease Capital Archives - TEQlease Capital

Federal Reserve Increases Rates

teqlease — Thu, 15 Dec 2016 19:26:16 +0000

On Wednesday, the Federal Reserve raised its short-term interest rate. This was the first time in 2016.

It’s been widely reported that this signifies the Fed’s confidence in the improving US economy. This change affects milliions of Americans, including business owners making plans for 2017.

The Fed also indicated that we should expect 3 more rate hikes in 2017.

“This is both good news and bad news” said Mike Lockwood, President of TEQlease. “It’s good news that most people expect the economy to continue to improve. But it’s bad news if businesses don’t use fixed-rate, fixed-term financing whenever possible. This should be factored in to planning decisions for the new year.”

TEQlease Capital has a unique focus on providing solutions to a variety of entities, including commercial, hospitality and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease by visiting our web site here. If you’d like to schedule a conversation with one of our financing specialists, click here.

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TEQlease Provides Equitas Academy with Technology Equipment Lease

teqlease — Mon, 12 Sep 2016 17:28:11 +0000

Equitas Academy Charter School, located in Los Angeles, California, has completed an equipment lease transaction with TEQlease Education Finance. Equitas Academy leased Chromebooks and charging carts in order to upgrade and expand the school’s technological capabilities.

“TEQlease Capital did an amazing job of working with us during a very busy time of year,” said Jon Host, Chief Operating Officer at Equitas Academy. “Their team helped us to finance our school’s technology-related capital expenditures during a period of slow growth, which really helped our cash-flow position. Their team did a great job of communicating with us and following up in a timely fashion.”

“We are pleased we were able to provide Equitas Academy Charter School with new technology equipment,” Said Mike Lockwood, President of TEQlease Capital. “TEQlease Education Finance thoroughly understands the importance to schools of up-to-date technology.”

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. If you’d like to schedule a conversation with one of our education financing specialists, click here.

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Adobe Springs Water Company Finances Water Tanks with TEQlease

teqlease — Wed, 27 Jul 2016 16:35:23 +0000

TEQlease has closed a new equipment lease finance transaction with Adobe Springs Water Company. Adobe Springs, a water and bottling company located in Patterson, CA, financed new storage tanks in order to accommodate its growing business.

“Not only was the financing process easy with TEQlease, but they were helpful and very knowledgeable about our industry,” said Laura Sheppard, Office Manager at Adobe Springs Water Co. “TEQlease made the update of our equipment painless and I highly recommend them.”

“TEQlease is pleased to have been able to provide Adobe Springs the equipment they needed to handle the growth of their business,” said Mike Lockwood, President of TEQlease Capital. “Our priorities are to provide our customers with the equipment they need in the timeframe they need it.”

About TEQlease
TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

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Low Rates Remain For Now

teqlease — Thu, 16 Jun 2016 17:29:10 +0000

The Federal Reserve and Janet Yellen have decided not to raise interest rates following Wednesday’s end to a two-day meeting.

The decision was mainly due to a poor May jobs report as well as an economic growth forecast dropping from 2.2% to 2.0%. This is the second time this year that the FED has lowered its expectations for the growth of the US economy.

Click here to read the full article from CNN.

The next possible action for an interest rate increase is in July when the Fed meets next.

So what does this mean for businesses? It means it’s time to take advantage of the historically low rates before they’re gone. It is important to lock in rates now while they are still low. We’re seeing a surge in equipment financing due to the realization that the economic and financial landscape may soon be changing. The opportune time to buy and finance equipment is now.

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Demand for Equipment Remains High Despite Low Consumer Confidence

teqlease — Thu, 09 Jun 2016 16:36:18 +0000

The Equipment Leasing and Finance Association has released its Monthly Leasing and Finance Index. The report, which shows economic activity from 25 companies from the equipment finance sector, showed that the Monthly Confidence Index decreased from an April index of 59.1, to a May index of 55.1. Many analysts attribute the declining levels to a combination of economic and political instability.

Despite the declining confidence index, demand for capital equipment is remaining steady. This coupled with relatively low interest rates makes it a good time to acquire equipment. Financing remains the best option for business owners who need to purchase equipment yet do not have or want to use existing capital. It allows businesses to preserve cash in this relatively unstable economic time.

“The demand for capital equipment financing has been strong through the first two quarters of the year, and we only expect it to continue to grow moving forward,” said Mike Lockwood, President of TEQlease Capital. “Equipment lease financing offers the perfect solution to business owners needing to expand yet that are uncomfortable paying up front the full cost of equipment during this uncertain economic time.”

Want to find out if lease financing is right for you? Call us at (818) 222-1006 to learn more or to receive a free quote on your next equipment purchase.

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TEQlease Assists Medical Center with Equipment Upgrade

teqlease — Thu, 09 Jun 2016 15:42:58 +0000

TEQlease Capital, a nationwide provider of equipment lease financing, has completed a lease finance agreement with Warm Springs Medical Center. Warm Springs Medical Center, located in Warm Springs, Georgia, acquired a new mammography machine in order to ensure the center’s equipment remains of the highest quality.

“We are pleased to be working with TEQlease, as they were the only leasing company that was able to provide the financing capital with terms we needed,” said Patrick Flynn, Chief Financial Officer at Warm Springs Medical Center. “The Digital Mammography unit was equipment the hospital quickly needed to service the needs of our community.”

“We are delighted TEQlease was able to provide Warm Springs with the right lease financing solution to fit their needs,” said Mike Lockwood, President of TEQlease Capital. “This is another example of how TEQlease can assist medical institutions with acquiring equipment they need.”

TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

Looking to purchase new equipment for your business? Call us today at (818) 222-1006 for a no obligation, free quote.

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Discovery Academy Leases IT Equipment and School Furniture from TEQlease

teqlease — Mon, 23 May 2016 17:36:28 +0000

TEQlease Education Finance (TEF) has completed an equipment lease with Discovery Academy of Science, a K-6 school located in Dunedin, Florida. Discovery Academy is adding additional grades each year. The acquisition of IT equipment, computers, smart boards and furniture completed the school’s most recent grade expansion.

“The lease finance agreement provided to us by TEQlease will provide much needed equipment for our 2nd campus expansion,” said Principal Emre Akbaba. “Our focus at Discovery Academy of Science is to provide well rounded STEM education. This agreement allows us to continue and facilitate our goal in the community. We are looking forward to working with TEQlease on our future projects.”

“It was a pleasure working with Principal Akbaba and the entire team at Discovery Academy” said Mike Lockwood, President of TEQlease Education Finance. “This is yet another example of how equipment lease financing can facilitate a school’s success.”

Looking for new equipment?
Call us today at (844) 222-1006 and find out how TEQlease Education Finance can get your school the equipment it needs while staying within budget!

Going to NCSC 2016?
Are you going to Nashville for the National Charter School Conference? If so, we want to meet you! Click here to set up a time to talk and find out how we can provide you with a finance option customized for your school!

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Industry Leaders Say Now Is The Time To Acquire New Equipment For Your Hotel

teqlease — Mon, 09 May 2016 17:26:55 +0000

At this year’s Hunter Hotel Conference, “Hotel News Now” asked eight hotel executives what hotel owners should concentrate on this year. The executives said that now is the time for hotel owners to invest in their properties, in the form of upgraded technology, facilities, furniture, and any equipment a hotel needs to improve their property and build customer experience and loyalty.

TEQlease Capital helps hotels acquire needed equipment by providing customized lease financing solutions. Some examples are below. But first, here is what two of the executives had to say.

Elie Maalouf CEO, The Americas, InterContinental Hotels Group

“I think it’s a really good time to focus on your properties. I think it’s a good time to understand what the focused investments (are), the key strategic investments you can make in your properties to put yourself in a position for when things might slow down a little bit and you want to be in a strong share position. What are the technology investments you want to make? What are the renovation investments you want to make right now while costs are still pretty good?”

Steve Joyce President and CEO, Choice Hotels International

“Make investments now because at some point, things will slow down to a much more normal rate. Get your projects done and open into 2018. If you’re going to invest in your property, do it before the end of 2018, and we’ll see what happens.”

Read what the rest of the executives said here

TEQlease Capital Provides Financing to Starpass Resort & Spa for Golf Course Maintenance Equipment

If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.

TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries. In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.

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TEQlease Finances Yet Another Vehicle for Tri-Area Trucking

teqlease — Mon, 09 May 2016 17:17:58 +0000

TEQlease Capital provided Southern California-based transportation company Tri-Area Trucking with its sixth lease, representing now 8 leased vehicles. The new vehicles will allow Tri-Area Trucking to continue the company’s steady growth as well as maintain its position as a premier West Coast trucking services company.

“We acquired two new vehicles and TEQlease handled all of the financing aspects of the transaction,” said Francine Bregio, Tri-Area Trucking’s CFO. “TEQlease and its staff are very attentive and customer centric, which makes the process very seamless. It wasn’t our first time with TEQlease and it will not be our last.”

“Tri-Area Trucking is an excellent customer for whom we feel a lot of responsibility and loyalty,” said TEQlease President Mike Lockwood. “We pride ourselves on our ability to provide an effective and efficient customer experience, and nothing underscores that more than seeing clients return to us for their lease financing needs.”

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Expanding? Need new equipment? Now what? A Q&A with Dan Riggs

teqlease — Mon, 02 May 2016 23:47:41 +0000

With this school year coming to a close, educational institutions are now in the process of planning and budgeting for next year. For many schools this means planning for additional investments due to the expansion of their school. All expansions need to be paid for and getting maximum value with limited budgets is something every charter faces. We spoke with TEQlease Education Finance Specialist Dan Riggs, to address these issues and give advice on how financing can help a school acquire all needed equipment while still staying within budget.

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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