Trinity Basin Preparatory uses Lease Financing to Manage Growth

Trinity Basin Preparatory (TBP), a free, open-enrollment public charter school with campuses in Dallas and Fort Worth, has entered into three equipment lease transactions with TEQlease Education Finance (TEF).  The transactions include a variety of equipment, including school furniture from Staples Office Furniture, iPads from Apple, and smartboards from School Tech Supply.

Trinity Basin Preparatory continues to experience increased enrollment and now has 2,780 students in grades Pre-K – 8.  Bruce Fornatoro, TEF Account Executive, worked closely with Trinity Basin Preparatory to meet the prompt delivery requirements and manage the multi-vendor order process.

“The lease finance agreements provided by TEQlease allowed Trinity Basin Preparatory’s students to receive new equipment in classrooms while furnishing 17 new classrooms for the 2nd year of 15%+ growth,” said James Dworkin, TBP’s Chief Financial Officer. “Their team did exceptionally well communicating with us and vendors throughout the entire process.  The leases also help TBP preserve available cash for high-quality student programs and future growth.”

“We are pleased TEQlease Education Finance was able to provide Trinity Basin Preparatory with the school equipment it needed,” said Mike Lockwood, President of TEQlease Education Finance. “This is another example of our dedication to providing solutions for charter schools so they can obtain needed equipment regardless of budget constraints.”

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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