Centra Funding LLC, a subsidiary of CV Holdings Inc., has announced the acquisition of the LeaseQ Restaurant and Franchise Team, along with LeaseQ’s equipment finance platform, from TimePayment Corp. This move solidifies Centra’s focus on the foodservice sector under the new Centra Culinary Finance brand, which will retain the direction of Sandra VanBuren and Kim Lorang to ensure continued customer service excellence. LeaseQ, an online marketplace founded in 2011, caters to direct business financing applications, dealers needing financing solutions, and finance companies seeking specific applications. Partners and customers have been assured of a smooth transition, maintaining the quality service and commitment established by LeaseQ. John Boettigheimer, President of Centra, expressed enthusiasm for the experienced team’s alignment with Centra’s values and the impending expansion of their industry-leading financing solutions to small and medium businesses in the foodservice industry. With the integrative capacity of the LeaseQ platform, Centra aims to enhance their services across various industries. Both VanBuren and Lorang have signaled their excitement for the growth and improved offerings supported by Centra’s competitive rates and new programs targeted at foodservice customers. The future of Centra Culinary Finance is seen as a chapter of enhanced services and staunch support for the foodservice industry. Founded in 2006, Centra Funding, based in Plano, TX, has established a nationwide presence, underlining their commitment to providing simple and efficient equipment financing to small and medium-sized enterprises. With over 40 years of management experience, Centra supports a wide range of industry sectors with innovative and flexible financial solutions.

Equipment Finance, Foodservice Industry,Plano, Texas, United States

https://www.globenewswire.com/news-release/2024/05/07/2877332/0/en/Centra-Funding-Acquires-LeaseQ-and-Its-Restaurant-and-Franchise-Team-Launching-Centra-Culinary-Finance.html