The Blog

Latest

Did you know that 78% of US businesses lease or finance their equipment? This includes small businesses and Fortune 500 companies.* Why? Because equipment leasing allows foodservice operators to preserve their working capital for everyday business expenses such as payroll, utilities, and more. There are many types of equipment financing options. LeaseQ’s most popular options…

Continue Reading →
Permalink

Summer is officially here, and the LeaseQ team couldn’t be happier! We quickly found that one thing everyone on our team has in common is the love of summertime. Specifically, we all love a good cookout! During a recent call, we got a little carried away talking about our favorite cookout recipes and thought we…

Continue Reading →

The COVID-19 pandemic has hit the foodservice industry particularly hard, causing many establishments to close permanently. Nearly 1.3 million businesses were approved for a PPP loan as of February 2021, according to the Journal of Accountancy. Bakery owner Mary Holzkopf is one of those recipients. Holzkopf opened her Huntley, Illinois-based bakery, Blessed Little Kitchen in…

Continue Reading →

The online application opens Monday, May 3rd, and will remain open until all funds are depleted. The SBA will begin registrations on Friday at 9 a.m. eastern and will open online applications for the $28.6 billion Restaurant Revitalization Fund Monday afternoon. There are three ways to apply to the Restaurant Revitalization Fund. The first option…

Continue Reading →

You can access the Payment & Financing option through the Print function in AutoQuotes. 1. Choose Print, either next to a project on the main screen or within a project itself. This will open the Report Viewer. 2. Scroll the right sidebar to the Totals section where the Finance & Payment option is located. Click…

Continue Reading →
Permalink

Some good news for Restaurants and Hospitality This new round of PPP will prevent public companies like Taco Bell from being eligible. The rules will direct funding toward smaller businesses whose revenues have taken serious hits during the pandemic. The bill also carves out about $90 billion for first-time loan recipients, smaller-scale borrowers, and community…

Continue Reading →
Permalink

LeaseQ can help you apply for the second round of PPP funding, available whether you received a first round loan or not. Get up to 2.5x your monthly payroll (up to $10M) as a loan that may be eligible for full forgiveness. The Paycheck Protection Program is back. PPP’s federally guaranteed loans are intended to…

Continue Reading →
Permalink

BURLINGTON, Mass. (April 3, 2019) – TimePayment, an award-winning FinTech company, announced that it has acquired LeaseQ Inc. The acquisition adds immediate value to TimePayment’s strategic focus of offering vendor partners a leading platform, differentiated product offerings, faster funding, and improved services. Additionally, LeaseQ delivers accretive originations volume and expanded funding capabilities to TimePayment’s vendor…

Continue Reading →
Permalink

Addresses significant need for speed and automation in online and in-store equipment sales BURLINGTON, Mass. – (Aug. 30, 2018) – LeaseQ, the marketplace for equipment financing, today announced instant financing for micro-ticket equipment purchases of $15,000 or less. After being approved for an equipment lease or loan, LeaseQ customers can now opt for instant financing…

Continue Reading →
Permalink

SEFA members and other AutoQuotes customers gain access to instant quotes and a massive lender network for equipment deals BURLINGTON, Mass. – (August 14, 2018) – LeaseQ today announced that its online marketplace for equipment financing is now available on AutoQuotes, a leading technology company for the foodservice equipment and supplies (FES) industry. Organizations using…

Continue Reading →
Permalink