Benzinga | Jun 8, 2021 09:15AM EDT

Boxlight Launches Financial Services Program

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology, digital signage, and software solutions, today announced the launch of Boxlight Financial Services.

Boxlight Financial Services is a strategic customer financing program created in partnership with TEQlease Capital, a technology equipment financing company, to assist customers such as schools and districts, companies, and other organizations with constrained budgets to acquire the technology they need. The program allows customers to lease or finance Boxlight's Mimio and Clevertouch branded technology solutions. By providing finance options, organizations can invest in state-of-the-art solutions with monthly, quarterly, or annual payments that align with budgets or the typical depreciation period for the technology.

With the immediate need for interactive technology in schools and businesses, organizations sometimes require financing to accomplish their goals. TEQlease Capital financing programs provide the opportunity to anticipate these needs, which allows their customers to stay current on recent advances in AV and IT tech. Boxlight will be providing its customers with the ability to receive 1.49% APR financing through this partnership and typical qualification for the program will be less than a day.

"Boxlight Financial Services financing program is another way for Boxlight to offer benefits to our customers that may otherwise put-off critical technology needs until a significant funding resource becomes available. The program allows customers to expand their technology budget up to a 5-year period, allowing customers to keep their technology current," stated Hank Nance, Chief Operating Officer for Boxlight.

"Working with Boxlight to deliver best-in-class financing solutions to Boxlight customers requires us to provide the very best business financing strategies and a choice of financing solutions," said Mike Lockwood, President of TEQlease Capital. "We can customize financing solutions to help Boxlight clients match technology use to their particular financial requirements and budget constraints."

For more information on Boxlight Financial Services, please email sales@boxlight.com.