Centra Funding, based in Plano, has made a significant acquisition by taking over LeaseQ and its restaurant and franchise team, as well as its LeaseQ equipment finance platform. This move will see Centra Funding rebrand as Centra Culinary Finance, signaling its dedication to expanding financing solutions for small and medium-sized foodservice businesses. Though the terms of the deal were not disclosed, this acquisition aligns with Centra’s commitment to providing unparalleled support in the foodservice industry and beyond.
As an independent equipment finance company with a national presence, Centra Funding, a subsidiary of CV Holdings, will continue to collaborate with TimePayment to offer instant approvals for microticket transactions in the restaurant and franchise sector. The acquisition of LeaseQ’s team, led by Sandra VanBuren and Kim Lorang, will ensure a seamless transition for partners and customers, delivering the same level of quality service and commitment they have come to expect.
LeaseQ, established in 2011, is an online marketplace that caters to businesses applying for equipment financing, equipment dealers seeking integrated financing solutions, and finance companies requiring tailored funding applications. Under the Centra Culinary Finance brand, Centra aims to enhance its services across various industries, leveraging LeaseQ’s platform to provide improved offerings to the foodservice sector and beyond.
The leadership team at Centra Culinary Finance is excited about the opportunities this acquisition will bring. Sandra VanBuren, heading Centra Culinary, mentioned their plans to introduce new programs specifically tailored for the foodservice industry. With competitive rates, Centra is poised to streamline the approval process for customers while focusing on budget alignment. Kim Lorang, Director of Business Development and Operations, assured partners and customers of a continued commitment to service excellence, transparency, and support under the new Centra Culinary Finance name.
With offices across the U.S., Centra Funding has been a leader in the industry since its inception in 2006. The recent acquisition of LeaseQ demonstrates Centra’s dedication to providing innovative financing solutions and unmatched support to customers. As Centra Culinary Finance, the company is focused on delivering top-notch service and fostering partnerships that drive growth and success in the foodservice industry.
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