Belton Preparatory Academy has installed new classroom interactive displays as well as acquired chromebook student devices, using financing from TEQlease Education Finance to complete the acquisitions. Belton Preparatory Academy is located in Belton, South Carolina. Belton Preparatory Academy is a tuition-free Classical Education charter school serving students in grades K5-8th, with 444 students, 38 faculty and staff, and an average class size of 21 students.
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/