Centra Funding, a nationwide independent equipment finance company and a subsidiary of CV Holdings, acquired the LeaseQ restaurant and franchise team, together with its associated LeaseQ equipment finance platform, from TimePayment. This strategic initiative underscores Centra’s commitment to the foodservice industry and its dedication to providing unparalleled financing solutions and support.

Under the new Centra Culinary Finance brand, the existing experienced team, headed by Sandra VanBuren and Kim Lorang, will continue to deliver top-notch customer service, foster strong partnerships and champion the growth and success of the foodservice industry using the LeaseQ platform.

Partners and customers can expect a seamless transition with the same level of service and commitment from LeaseQ’s restaurant and franchise team. Additionally, the team and platform will enable Centra to deliver improved offerings to the foodservice and other industries.

“We’re delighted to welcome the LeaseQ restaurant and franchise team to the Centra family,” John Boettigheimer, president of Centra, said. “Their expertise and dedication to excellence align with our values, and we look forward to Centra Culinary Finance expanding the industry-leading financing solutions we offer to small and medium-sized foodservice businesses. We’re also pleased to be able to adapt the LeaseQ platform to transform our offerings across the many other industries Centra serves.”

“We’re excited about the support and resources we’ll benefit from at Centra,” Sandra VanBuren, Head of Centra Culinary Finance, said. “We’ve already begun developing exciting new Centra programs tailored for the foodservice industry, and Centra’s competitive rates will make it even easier for us to get customers fast approvals that align with their budgets. With Centra’s backing, we look forward to enhancing our services and being able to better serve our partners and customers.”

“We want to assure our partners and customers that while our name may have changed, our commitment to quality service, transparency, and support remains the same,” Kim Lorang, director of business development and operations of Centra Culinary Finance, said. “We are excited about this new chapter as Centra Culinary Finance and look forward to continuing to serve and support the foodservice industry.”