As a business owner, keeping track of your physical assets is an important step to ensuring things run smoothly. Equipment age, maintenance, and life cycle are metrics that help your decision-making process, especially when it’s time to replace or upgrade your used equipment. Determining fair market value (FMV) can be challenging, but it is a strategic step to making good financial decisions.

If you’re considering financing to replace or upgrade your equipment, there are some options to choose from, like a fair market value lease or a $1 buyout lease. To compare the different options, you need to know how to determine fair market value so you can assess which is most cost-effective for your business.

RELATED: $1 Buyout Lease vs. FMV Lease: What’s the Difference?

Key Factors Used to Determine Fair Market Value

One of the biggest challenges in valuing equipment is that there isn’t a one-size-fits-all approach. Varying quality between manufacturers and varying levels of use mean that sometimes it is not fair to compare two pieces of equipment that are meant to do the exact same job. Because of these differences, you need to look at a handful of key factors to help you analyze the value of equipment, which can then inform your future financing options:

In addition to all these factors, the type of equipment used by your business can vary widely as well. For example, office furniture and construction equipment have very different markets, but both may have a place in your business. Their life cycles and FMV calculations are going to be different, which is something that needs to be taken into account when making financing decisions.

RELATED: How to Match Financing With the Equipment Life Cycle

Valuation Approaches for Determining Fair Market Value

Assessing the key metrics about your equipment is only the first step in determining FMV. If you are determining fair market value for the purpose of buying or selling equipment, or if you are calculating depreciation for tax purposes, you may take a different valuation approach.

Sales Comparison

This approach is based on actual prices of similar equipment, while adjusting for the factors listed above. By doing market research and comparing the prices that similar new or used equipment has sold for, you can get an idea of the final price your equipment could fetch. Equipment with a more active market will give you the best estimate. If you don’t have much to compare to, it will be harder to make an accurate assessment.

Cost Approach

If there isn’t an active market for the type of equipment you are valuing, then the cost approach is a useful method. This is based on the replacement cost for your particular equipment, and then that number is adjusted for the remaining life expectancy, age, and condition.

Income Approach

This valuation method uses the income produced by that specific piece of equipment to determine value. It can be difficult to attribute income to individual pieces of equipment, so the income approach is rarely used in this context. More often, this valuation approach is used to determine the value of a business as a whole entity.

No matter which valuation method you use, purchasing equipment for your business is an expensive endeavor. When it comes time to upgrade your equipment, or if you need to purchase more equipment to keep up with growing demand, buying outright can put a huge strain on your cash flow. Financing with a fair market value lease gives you an easy way to manage your cash flow while maximizing the life cycle of the equipment you need.

Team Financial Group Has Experience Determining Fair Market Value

Team Financial Group offers many options for financing the equipment you need to sustain your business. Our experts can help you determine what kind of financing will work best for your specific needs, and we have experience with determining fair market value for new and used equipment.

If you have questions about fair market value or financing equipment, get in touch with us by calling our office at 616-735-2393 or filling out our online contact form.

The content provided here is for informational purposes only. For personalized financial advice, please contact our commercial financing experts.


There are a lot of misconceptions when it comes to how equipment financing works, which can hurt business growth. Perhaps you think that equipment financing is too expensive, or that the process is too slow, or that you don’t qualify because you don’t have a perfect line of credit.

These equipment finance myths may have been true once, but the application and approval process is now faster and easier than ever before. Your business may be booming, but if you cannot find solutions to purchase equipment, how can you meet growing customer demands?

Financing is not the difficult process it used to be, so it’s time to debunk those old myths. If you’re still not sure how your business can purchase equipment, get in touch with an experienced partner like Team Financial Group. Our team would love to answer all your finance-related questions and equipment financing options.

Myth 1: Only Businesses With Great Credit Scores Qualify for Financing

A traditional bank may have stringent requirements or certain metrics that must be met, but independent partners like Team Financial Group understand that these don’t always define a business.

For established businesses that don’t have a perfect credit score, or new businesses with no credit history, an independent lender can meet you where you’re at. A credit score is just a number, and it doesn’t always tell the whole story. A financing partner will listen and customize an equipment financing plan based on your specific business needs and financial history.

Myth 2: Equipment Financing is Too Expensive

An independent commercial lender will work with you to understand your financial situation. A good lending partner will help figure out an affordable solution that maximizes your cash flow. They can offer more aggressive terms with competitive interest rates to help meet your budget.

In fact, according to a report published by the Equipment Leasing & Finance Foundation, 47% of businesses said that optimization of cash flow was one of the big reasons they chose financing vs. paying cash for new or used equipment. In other words, keeping your cash flow healthy will help keep you in business.

RELATED: How Equipment Financing Can Help Your Cash Flow

Myth 3: The Equipment Financing Process Takes Too Long

This myth was true for a long time, and even today traditional lenders may take 60-90 days to approve a small business loan. However, with the rise of online lenders and computer algorithms, the turnaround time for financing has been drastically reduced. A good lending partner will make the process fast and easy. Team Financial Group has approved and funded equipment loans in less than 24 hours.

When growing a business, changes can happen rapidly, like landing a big contract. Don’t let concerns about the length of the financing process prevent you from purchasing the equipment you need to get the job done. The lending approval process is moving faster than ever.

Myth 4: Offering to Finance Equipment Does Not Affect Sales

If you sell commercial equipment, you may think that it doesn’t make a difference to your customers whether you offer equipment financing, or they need to pursue their own business loans. However, many businesses work with monthly budgets. If you are able to partner with a lender and offer financing, you can focus on monthly payments rather than the overall purchase price of new and used equipment. This strategy can lead to more sales and repeat customers.

This equipment finance myth is one of the worst. With almost 80% of businesses utilizing financing to acquire their commercial equipment, working with a lending partner is often critical to closing a deal.

Myth 5: Equipment Financing is Not Flexible

It’s natural to be a little tense about major equipment purchases, especially if you feel like you’re locked into a contract with no wiggle room. However, the right lending partner should put your mind at ease with a customized approach. With a lending partner that understands one-size-fits-all financing doesn’t actually fit every size business, even the most unique enterprises usually can find a financing solution to fit their needs.

Banks are often constrained by risk management formulas, but an independent commercial equipment financing partner can assess your individual situation and offer flexible terms. For example, we might be able to offer you a $0 down payment (100% financing), a $1 buyout lease option, or seasonal payment terms. We are happy to answer all your finance-related questions and find a solution that’s right for your business.

RELATED: 20 Questions: Here’s How Equipment Financing Works

Small Businesses Can Utilize Financing to Fuel Growth

The number one reason many small businesses go under is due to cash flow problems. When a business scales up or experiences rapid growth, the need for additional equipment and staffing resources often precedes the inflow of cash. This creates a cash crunch at the worst possible time – if you can’t keep up with demand, then demand will take their business elsewhere. This is where financing can keep your business in the black.

Financing is a great way to keep your cash flow healthy and allows an extra cash buffer to cover emergencies or opportunities.

Getting an equipment loan or equipment lease may seem daunting if you view it as a negative move. However, if you approach financing equipment as another tool in your toolbox, and partner with the right lender, you’ll see that this is often a strategic move that can keep your small business moving forward.

Small Businesses Can Utilize Financing to Fuel Growth

At Team Financial Group, we want to see small business owners grow successfully. That’s why we work with all kinds of organizations to help them achieve their goals through equipment financing.

Need any more finance-related questions answered or equipment finance myths debunked? Call us at 616-735-2393 or fill out our online form to learn more about how fast and flexible the process can be.


Equipment Leasing & Finance Foundation. (2019). 2019 Equipment Leasing & Finance Industry Horizon Report. Retrieved from

The content provided here is for informational purposes only and should not be construed as legal advice on any subject.

As businesses consider purchasing equipment they need to keep up with new or growing market share, the biggest factor is usually the price tag on the expensive machinery. When selling heavy equipment, businesses that offer financing are strategically positioned to close more sales, often in shorter timeframes.

If you are a vendor that is new to heavy machinery financing, or simply seeking to improve your current selling strategy, you can use these six financing tips to help increase sales and build a loyal customer base.

Still need help? You may want to consider a viable alternative like working with an experienced financing partner like Team Financial Group, who can help you learn more about the equipment market and major business investments that drive future growth without breaking the bank.

1. Partner with a Commercial Lender

If your customers have to find an outside party to finance their heavy equipment, you are more likely to lose the sale. But you don’t need to offer in-house financing to keep them from walking out the door. In fact, partnering with a commercial lender lets the lender assume the financial risk instead of you, with the added benefit of fast, flexible approvals.

If heavy machinery financing isn’t approved by your customer’s bank, there’s a chance they may look elsewhere for their equipment purchase. A commercial lender like Team Financial Group, for example, understands that their business has unique needs, and will work with them on a financing plan that fits their specific situation. Faster, easier approvals can help you close more deals so your buyers start reaping the benefits of their new heavy equipment sooner.

RELATED: Top 5 Benefits of Partnering With an Equipment Financing Company

2. Offer Heavy Machinery Financing Early in the Sales Process

Don’t be afraid to bring up financing early. When you ask, “Do you plan on financing this purchase?” you have the opportunity to tell them about your great financing options. You can follow up with questions about how long they plan to use the equipment or how they might retire used equipment. This will help you understand what type of financing they need and provide a quick estimate of monthly payments. Your knowledge and accuracy about the selling process can make them feel confident in you as a vendor.

RELATED: What Types of Equipment Can I Receive Financing For?

3. Sell the Monthly Payment, Not the Overall Cost

You may want to consider estimating the monthly payment and talking about the payment quote rather than the overall sales price of something like construction equipment. This number often will be more appealing to prospective buyers, and it’s easier for them to see how this purchase could fit into their monthly budget. The monthly payment will sound more manageable than the full price of buying the equipment outright, helping you win over potential buyers.

4. Emphasize the Flexibility of Financing

Banks tend to offer a one-size-fits-all approach to lending, with stringent requirements about asset age and depreciation. When it comes to selling equipment, though, you will often find that buyers need out-of-the-box solutions for their financing. Choosing the right independent lender will give equipment buyers more options, while keeping the process simple and convenient.

Everyone wins when you offer your clients custom financing solutions tailored to their unique business needs. Your customers will appreciate how you helped them get their financing approved, even if they have a unique cashflow situation like a seasonal agricultural enterprise. Offering flexible, customized financing plans also will earn you repeat business from loyal customers.

5. Get a Credit Application

You can often turn window shoppers into buyers simply by having them fill out a credit application. This small act is a first tangible step of the sales process and will leave customers feeling more committed to buying their equipment from you. If they have any questions about how to finance heavy equipment, this is a way to give them time to collect their thoughts and get the answers they need to move forward with purchases.

6. Make the Process Easy to Keep Buyers Coming Back

As a heavy equipment seller, if you can make the financing process easy for your clients, you’ll be more likely to earn their business. They’ll remember that you offered affordable financing solutions to suit their situation, and they didn’t need to go through a third-party lender’s one-size-fits-all approach only to get denied.

Your expert knowledge will help build personal relationships with your clients and keep them coming back to the vendor they know they can trust.

Team Financial Group Can Help Your Business with Selling Heavy Equipment

Team Financial Group has experience with all types of commercial equipment, from excavators to CNC machines to solar energy solutions. We also work with a diverse set of clients to find customized payment options that are affordable for their unique equipment needs.

If you have questions about partnering with Team Financial Group to sell equipment, we’d love to hear from you. Call us at 616-735-2393 or fill out our contact form. Team Financial Group makes heavy equipment financing fast, flexible and easy.

The content provided here is for informational purposes only and should not be construed as legal advice on any subject.

Businesses all over the world are seeing the benefits of going green. Eco-friendly solutions can save money and save the planet, a win-win for the savvy business owner.

Renewable energy costs become more competitive each year, and as a forward-thinking business owner you’re probably wondering if solar power would be a good investment for your company.

The up-front costs may be intimidating, but between the tax incentives and flexible financing options, there’s never been a more affordable time to get involved in solar power!

The Benefits of Solar Power

In recent years, there’s been an influx of solar power installations. From mega-corps to small farms, businesses are seeing the benefits of investing in renewable energy. If you’re not sure if now is the right time to take the leap, here are some good reasons to get started today.

Early Adopters Get Bigger Tax Breaks

With the Federal Investment Tax Credit (ITC), when you install a solar array, you earn a federal tax credit of 26% of the cost of the system in 2022. In 2023, the tax credit is reduced to 22%, and in 2024 it will go down to 10%, so there is a big advantage to getting started in solar now. Not expecting a big tax bill this year? This credit can be carried back one year or carried forward 20 years.

In addition, businesses can deduct 85% of the cost of the solar installation through accelerated depreciation. Both these tax breaks apply to the owners of new solar installations, not to existing or leased solar systems.

Reduce Your Organization’s Utility Costs

Market data shows that the average commercial property owner reduces their energy bill by over 75% after installing solar power. When you harness the energy of the sun, you no longer have to worry about power companies charging variable rates. If they choose to raise the summer rates during the hottest hours of the day, a solar power system will allow you to keep customers and employees air conditioned, without worrying about how it will affect your overhead costs.

Take Advantage of Net Metering Credits

Unused power produced by your solar array can be fed back into the power grid, and be credited back to you to reduce your overall utility cost. Most states have net metering policies to credit your excess power back at full or reduced retail rates. This means you benefit from solar power production even if you outsize your solar array beyond your needs, or if you size it for future needs.

Connect With Consumers and Attract Top Talent

Mindful consumption is important to younger generations, with 87% of Millennials and 94% of Gen Z believing that companies should address social and environmental issues. A commitment to renewable energy will help your business stand out to these conscientious consumers—who are increasingly the majority.

These same conscientious consumers also make up the labor pool! A business that values sustainability will be more attractive to these discerning workers.

These are some great reasons to get started in planning a solar power project today. But even with these great benefits and tax breaks, there’s still a hefty price tag to consider. If you’re concerned that solar power won’t fit in your budget, don’t worry; you can still reap the benefits of sustainability with solar power financing.

RELATED: Save Money When You Save Energy

Solar Power Financing Options

Any business, big or small, can benefit from a capital investment in renewable energy. The total investment depends on what kind of solar power system works best for your needs, which often depends on the real estate available.

Types of Solar Power Installations

These improvements might seem out of reach financially, but with Team Financial Group you’ll find that affordability is not as difficult as it seems.

Start the simple process of applying for a loan to get started on your investment in energy efficiency, so you can enjoy the benefits of solar power.

RELATED: Energy Efficiency Financing

How to Get a Quote to Finance Solar Power

At Team Financial Group, we offer flexible financing options based on your business’ needs and goals, to create a customized financing solution that fits your bottom line. Begin the pre-approval process by completing our secure online form.

Our Equipment Financing Agreement will protect you against rising interest rates, and give you a predictable fixed monthly payment for easy budgeting. Start your quote today and let the financing specialists at Team Financial Group find you a solution to finance solar power!


Cone Communications. (2017). 2017 Cone Gen Z CSR Study: How to Speak Z. Cone Communications. Retrieved from


The content provided here is for informational purposes only and should not be construed as legal advice on any subject.

It’s often said that you need to spend money to make money. While that’s certainly true, it’s also unfortunately true that capital investments don’t always lead to great profits. To determine whether the investment makes sense for your business, you need to know whether your future gains will ultimately exceed the initial investment and other estimated costs—and if so, how long it will take to recoup them.

One way you can quickly evaluate the potential ROI of a major purchase before you pull the trigger is by calculating the simple rate of return. While the simple rate of return isn’t perfect and won’t take everything to account, it can be a method to measure whether a given project has high potential profitability and is worth further examination.

In this blog post, we’ll explore how the simple rate of return is calculated, what it means (and doesn’t mean) for your business, and why a great financing partner like Team Financial Group can help you make those major business investments that will drive future growth without putting your cash flows in jeopardy.

How to Calculate the Simple Rate of Return

As the name suggests, calculating the simple rate of return is indeed very simple. Here’s a step-by-step breakdown of the formula:

Estimate Annual Incremental Revenue

This is simply how much you expect to increase your total revenue (or decrease your current expenses, for example by using automation to reduce labor costs) after an investment. For example, if you expect that new equipment for your factory or expanding your delivery fleet will allow you to generate $70,000 per year in new revenue, that would be your annual incremental revenue.

Estimate Annual Incremental Expenses

Here’s where it gets just a little bit trickier. Most major capital expenses cost you more than just amount of the initial investment. You need to consider other long-term costs that result from the purchase, including:

Let’s consider an example.

Say the cost of purchasing new equipment is $200,000, and you expect that it will also increase your operating expenses by $15,000 per year. You expect to get 10 years of use from it, and then sell it for $20,000, so the annual depreciation cost would be $18,000. ($200,000 cost – $20,000 salvage value / 10 years).

Add these two figures together, and you get annual incremental expenses of $33,000 per year.

Calculate Annual Net Operating Income

If you’ve been following along so far, this step is easy—just take your annual incremental revenue and subtract your annual incremental expenses.

Using the examples above, if you estimate $70,000 in estimated annual incremental revenue and subtract $33,000 in annual incremental expenses, your annual net income would be $37,000.

Calculate Simple Rate of Return

Now, pull it all together. Take your annual net income and divide it by the initial cost of the investment. In this case, a $37,000 net operating income divided by $200,000 leaves you with a simple rate of return of 18.5 percent.

Advantages and Limitations of Using the Simple Rate of Return

The value of calculating the simple rate of return for your investment is that it gives you a quick, easy, and usually reasonably accurate (if somewhat rough) assessment of whether a particular investment would likely be worth it in the long run.

Typically, a business might set a minimum rate of return to determine whether a given investment would be worth it, or if money and resources might be better spent elsewhere on a project with higher profitability. If your simple rate of return clears the minimum by at least a few points, there’s a good chance it’s worth more serious consideration.

That being said, the simple rate of return sacrifices precision to achieve its simplicity, so if you’re doing your capital budgeting and weighing one or more major purchases, you’ll probably want to do a more detailed analysis.

Some important things that simple rate of return doesn’t account for include:

Cash Flow

Even if, hypothetically, an investment would make you more money in the long run, you’ll never get there if you can’t afford the initial expense in the first place or can’t get financing on favorable enough terms.

Variability in Incremental Revenue and Expenses

The simple rate of return formula assumes that the amount of the increase in annual revenues and expenses will be constant, but in practice this is usually not the case. It may take you a few years before you’re able to reach your new capacity with new clients or orders. Likewise, operating expenses may be greater in early years (if, for example, there are significant hiring, training, or set-up costs) or in later years (for example, if you anticipate maintenance costs to increase as equipment ages).

Time Value of Money

Money earned today is more valuable than money earned in the future. The biggest reasons are inflation, and the fact that money you have now can be invested and gain interest over time. But the simple rate of return formula counts all income the same, whether it’s earned tomorrow or ten years from now. In other words, it does not adjust the income to its net present value. As a result, simple rate of return may overstate the actual rate of return, particularly if you expect your investment to produce income over an extended period of time.

Team Financial Group Helps Businesses Afford What They Need to Thrive

Major capital expenses are often necessary to help your business continue to grow and thrive. But identifying which investments will provide the greatest long-term profit is only the first step. Figuring out how you’re going to actually pay for them is just as important.

That’s why you need a financing partner who understands your business and can offer fast, flexible, and affordable options to help get your company from point A to point B.

In just over 20 years in business, Team Financial Group has helped companies just like yours secure a total $600 million in financing. We pride ourselves on being easy to work with, efficient, and fully committed to helping our clients achieve lasting success.

To discover how we can help you finance your next major equipment purchase or other capital expense, give us a call at (616) 735-2393 or complete this brief online application.

The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts.

Whether you’re starting a new business, looking to grow and expand your capabilities, or simply trying to ensure you always have quality equipment to do the job, choosing the right supplier for your business needs is critically important.

Whatever your equipment needs may be—manufacturing or construction equipment, work vehicles, office furniture, etc.—a good supplier can provide you with exactly what you need, when you need it. The wrong supplier might mean costly delays, poor quality equipment and raw materials, and an inability to meet your growing needs.

Are you evaluating potential suppliers and not quite sure which one to choose yet? Read on for five practical tips to help narrow down your shortlist. If you’re a business owner who needs help selecting the right supplier for your organization, reach out to Team Financial Group. We’re always happy to help.

1. Carefully Consider Your Current and Future Needs

Before you even start to look at suppliers, you need to look carefully at your own company. What are your current equipment needs? And if your business continues to grow, what do you project your needs might be in a few years?

Don’t just look at the specific equipment being purchased. Also consider things like:

The best supplier for your business is likely going to be one with a wide range of equipment offerings that not only suit your needs today, but can continue to partner with you as your business grows.

While, of course, it’s always possible (and sometimes inevitable) that you might need to change to a new supplier, being able to maintain a strong relationship with a single supplier over a long period of time often translates into greater efficiency, cost savings, and productivity versus constantly changing suppliers every few years.

2. Know Your Options

If you’ve been in your industry for decades, you might feel like you have a good handle on what’s out there. But if you’re a small business or startup, you might not know what kinds of suitable suppliers are even available to you.

So, if you’re feeling a little out of your depth with the sourcing process, don’t just sign up with the first supplier you find on Google that seems to have what you need. Some additional ways to find potential suppliers include:

3. Do Your Due Diligence

Even if a supplier seems like they meet all your requirements, you still need to do your research. Is this a reputable and reliable supplier? Can they really deliver everything they promise to deliver?

Remember: research takes time. We know it can be frustrating. But when you choose a supplier, you’re making a huge investment of time and capital that will have significant ramifications for your business. Investing a little extra time upfront for the supplier selection process is more than worth it in the long run.

RELATED: Purchasing Used Equipment? Use This Checklist Before You Buy

4. Consider Your Values

For many organizations, finding the right partner is about more than simply the cost of goods or even the best possible return on investment, absent any other considerations.

For example, if environmental sustainability and local community support are important corporate values, you’ll want to choose suppliers that share these commitments. Consequently, you might choose a supplier that demonstrates a commitment to reducing industrial or packaging waste. Or, you might choose to limit your supply chain to the local area whenever possible to support the local economy and cut down on shipping mileage.

5. Consider Your Budget

Obviously, cost is going to be a major consideration when looking for a supplier. After all, the entire point of investing in equipment is to, eventually, make money. Any company you choose must be able to deliver equipment that fits within your budget and doesn’t overextend your cash flow.

However, many companies become so fixated on the sticker price that they end up making a poor choice. The cheapest option upfront isn’t always the best choice. In fact, it often isn’t even the cheapest once all the “hidden” costs are considered.

If the supplier provides low-quality equipment that requires frequent repair or replacement, for example, the total cost to your business (including both actual expenses and opportunity cost from avoidable delays or shutdowns) can be much higher than working with more expensive suppliers.

Remember, too, that when you work with an honest, reputable, and flexible financing partner like Team Financial Group, you can discover the options that fit both your business needs and budget.

RELATED: The Beginner’s Guide to Commercial Equipment Financing

Team Financial Group: Fast, Flexible Financing For More Than 20 Years

Finding the right supplier for your business is often a complex and difficult process. But securing fast, flexible financing to pay for that equipment doesn’t have to be.

Since 2001, Team Financial Group has provided more than $600 million in financing in almost 10,000 different deals across Michigan and the Midwest. We partner with businesses large and small, in industries as diverse as manufacturing, construction, energy, agriculture, technology, and more.

We’re independently owned and completely dedicated to helping our customers grow their businesses with financial options that are customized to meet their unique business and financial needs.

To discover how we can help you finance your next major equipment purchase, give us a call at (616) 735-2393 or complete this brief online application.

The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts.

If you’re a regular follower of the news, then you likely have come across more than a few stories about cryptocurrency. This digital-based market is sure to evolve and grow in popularity in the coming months and years and, as a result, you might be wondering if cryptocurrency lending is right for your business needs.

You also might be simply wondering, “What is cryptocurrency lending?”

Unlike traditional stocks, bonds, and mutual funds, cryptocurrency lending offers a number of financing benefits that may appeal to small businesses and startups, including short-term flexibility, low interest rates, and convenience. However, crypto lending platforms also contain elements of risk that are important to understand before you make any sort of digital transaction.

Here, we’ll outline some of the key terms used in the crypto marketplace, and identify how crypto lending differs from traditional financing, including potential pitfalls. If you’re unsure about your options, you may want to consider consulting with an experienced and reliable financing partner like Team Financial Group to learn more about all your financing choices.

Learning Where Crypto Can Take Your Business ​Starts With Understanding the Basics

For all the buzz surrounding crypto, it still can be a confusing world filled with strange names and acronyms. Here’s a quick rundown of common terms that you might come across as you research cryptocurrency lending as a financing option.


A digital or virtual currency (aka “money”) stored, created, and processed by cryptography, making it difficult to counterfeit or duplicate. Crypto assets operate with a decentralized finance structure that allow them to operate outside of many government rules and regulations. Examples include Bitcoin, Ethereum, Dogecoin, Litecoin, and Ripple.


Cryptocurrencies that are backed by more traditional government-issued fiat currencies, such as the U.S. dollar, meaning their prices remain steady. Examples include Tether and Dai.

Digital assets

Digital material and assets that hold some sort of value and are owned by a company. This might include photos, videos, PDFs, logos, illustrations, audio content, even spreadsheets and Microsoft Word documents.


E-lending is similar to a traditional mortgage application process. However, lenders are virtual and do not have a physical branch, office, or location. Communication with crypto loan processors and brokers are conducted via email, phone, or online chat.

Blockchain technology

The technology at the center of most digital currencies facilitates the process of recording transactions and tracking assets with a digital ledger of data that can be duplicated and distributed across a business network.


Financial technology refers to a financial services company that integrates technology into a product or service in order to improve its functionality and speed up delivery to customers. Fintech examples include lending-as-a-service apps, alternative lending, and crowdfunding.

Smart contracts

A term used to describe computer code that automatically executes an agreement and is stored on a blockchain-based platform. Details of the loan amount, agreement, and repayment terms between borrowers and crypto exchanges are directly written into the code.

Distributed ledger technology

A digital system for recording asset transactions with details and information recorded in multiple places at once. Unlike traditional databases used by banks and financial institutions, a distributed ledger is a decentralized network, meaning there is no conventional data storage or administration functionality.

RELATED: A Handy Guide to Equipment Financing Language

The Cryptocurrency Landscape Offers Opportunity — But Also Risk

While blockchain lending might seem like an appealing choice for small businesses, there are a number of potential crypto lending risk factors that borrowers should note compared to more traditional financing options.

Unpredictable values: The volatility of the crypto markets makes it more risky than traditional investing. Take bitcoin, for example. At one point in 2017, a single bitcoin was worth almost $20,000. Then, in 2018, bitcoin value dropped to $3,100, wiping out billions of dollars in the cryptocurrency market. Those kinds of losses resulting from price fluctuations can be devastating to small businesses.

Security concerns: Cybersecurity should be a concern for businesses of any size, especially when it comes to cryptocurrency lending. If you do decide to explore crypto loans, it is important that you put procedures in place to protect yourself from fraud, hacks, and other potential cyberattacks.

Lack of regulation: Lawmakers are starting to put more stringent rules and regulations in place at the state and federal levels, so borrowers will need to be prepared to adjust quickly as crypto lending changes.

Technical knowledge: The crypto marketplace also seems to change by the minute, meaning digital tools need to be consistently established, maintained, and updated. This constantly evolving landscape requires an extensive amount of research and vigilance for crypto loans, which may be a challenge for small businesses with limited resources.

Uncertain future: While cryptocurrency lending provides a number of appealing options and choices for businesses looking for financing flexibility, it still remains a relatively new marketplace. There are a lot of unknowns, meaning there are just as many potentials risk as there are rewards. You could say the old saying, “We don’t know what we don’t know,” definitely still applies.

Team Financial Group Makes Equipment Financing Fast, Flexible, and Easy

While cryptocurrency lending may be an intriguing option for small and midsize businesses looking for new ways to foster growth, a financing partner like Team Financial Group offers significant benefits that blockchain lending cannot provide.

We’ve worked with businesses across dozens of industries and provided financing for companies with a wide range of credit scores and histories. As an independent financing partner, we have more flexibility than a bank, so we treat you as more than just a credit score. Instead, we look at the whole picture of your business, your team, and your annual revenue to find a financing option that works for you.

Additionally, if you’re a vendor, here are just some of the reasons why working with Team Financial Group as your financing partner can benefit your business and your customers:

Still have questions about cryptocurrency lending or any of your potential equipment financing options? Let us know. We can help you learn more so you can understand all your options and make an informed choice for your business.

Partner With Team Financial Group for Your Equipment Financing

At Team Financial Group, we work with clients to identify and customize financing solutions that meet their specific needs. Our commercial and office equipment financing options can improve your business’ cash flow and overall financial health.

If you’re not sure which type of equipment financing option is right for your business, just get in touch with our experts. We’ll talk with you, learn about your company, and come up with a financing strategy that makes sense for you. To discover how your business can get fast, flexible financing today, please complete this brief online application.



Locke, T. (2021, Jan. 9). “Thinking of buying bitcoin? What experts say about big crypto concerns: ‘You have to be mentally prepared.’ ” CNBC. Retrieved from: 


The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts. 






As a growing business, you need to get your operations up and running as quickly as possible. However, you might quickly discover that related expenses exceed your cash on hand. Rent and utilities for office spaces are an obvious drain for small business owners, but office equipment and furniture costs also can add up in a hurry.

For example, depending on your specific business needs, you may need to supply each employee with a computer, desk, and chair. There also can be shared equipment like printers, copiers, servers, and maybe even a refrigerator and fancy coffee maker for your office break room.

Running a small business is expensive. But there are solutions available that can help you get off the ground, and one of those options is financing your office equipment.

Here, we’ll outline the benefits of office equipment financing and why it might make sense for you. If you need help with an equipment loan for your small business, the experienced lenders at Team Financial Group can help you find financing solutions tailored to meet your unique needs.

RELATED: How Much Working Capital Do I Need for My Business?

Your Small Business Office Equipment Shopping List Can Grow Long

Even if your office isn’t that large, there is a wide variety of business equipment you could consider adding to your shopping list. In addition to the examples listed above, here are some other potential items you could choose to finance:

As you can see, it doesn’t take much for office equipment costs to stretch into the tens of thousands. That’s why many new and small businesses explore the flexibility that comes with equipment financing.

RELATED: Business Health: How Equipment Financing Can Help Your Cash Flow

Your Business Can Enjoy the Benefits of Office Equipment Financing

Instead of renting your office furniture and equipment, which is typically too expensive to be a viable long-term option, take advantage of these five key benefits that come with business equipment financing:

RELATED: Get These Tax Benefits With Commercial Equipment Financing

Partner With Team Financial Group for Fast, Flexible Financing

At Team Financial Group, we work with clients to identify and customize financing solutions that meet their specific needs. Our commercial and office equipment financing options can improve your business’ cash flow and overall financial health.

If you’re not sure which type of equipment financing option is right for your business, just get in touch with our experts. We’ll talk with you, learn about your company, and come up with a financing strategy that makes sense for you. To discover how your business can get fast, flexible financing today, please complete this brief online application.

The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts

Leasing equipment is a popular way for small businesses to acquire the assets they need to operate without purchasing these items upfront. While this can be a cost-effective strategy to foster growth, it’s important to understand all the details and options available before entering into a lease agreement.

The differences between capital and operating leases can be confusing but nonetheless it’s important to know the different nuances involved to help you make the right choice for your business.

Below, we’ll outline the differences between a capital and operating lease, along with the benefits associated with each. If you still aren’t sure if one of these options is best, you can consult with an experienced lender like Team Financial Group to help determine your next step.

Many Businesses Take Advantage of Both Types of Leases

There are a number of key differences to note if your business is trying to determine if it wants to use either an operating lease or a capital lease.

Operating leases

Operating leases are similar to renting, with lease payments treated as operating expenses. Lessees can obtain and use assets for a set period of time, but there is no transfer of ownership rights. Common assets for operating leases include technology, vehicles, and office equipment.

Capital leases

Compared to operating leases, a capital lease are treated more like a loan and would be considered debt. Assets are owned by the lessee rather than the lessor and typically are used for equipment that will be kept long term. To be classified as a capital lease, these conditions must be met:

The accounting treatment between an operating lease and capital lease is also handles differently. For operating leases:

For capital leases, which sometimes are referred to as “finance leases”:

Depending on your equipment requirements, your business may choose either an operating or a capital lease — or maybe even a combination, depending on the types of assets you need.

RELATED: Equipment Financing and Leasing Solutions

Which lease is right for your business? Well, it depends.

There are a number of benefits associated with both operating and capital leases that might influence the decision-making process for your business.

Here are some of the advantages of using an operating lease:

Meanwhile, the benefits of a capital lease include:

Here’s an example that might resonate: You could use an operating lease for a copier or other technology for your office, while a capital lease may make more sense for a bulldozer or telehandler if you are in the construction industry. Ultimately, the decision is very unique to your business and all considerations need to be taken into account when determining which is best for you.

Related: Purchasing Used Equipment? Use This Checklist Before You Buy

Contact Team Financial Group to Learn About Your Equipment Financing Options

Need assistance determining which type of financing lease option makes the most sense for your business? We can help you learn more about a capital vs. operating lease and determine if one is right for you. We also specialize in offering fast and flexible equipment financing for a wide range of small businesses.

Call Team Financial Group today at 616-735-2393 or fill out our contact form to talk with a financing expert. If you’re ready to apply for financing, fill out our short online application and we’ll get the process started.

The content provided here is for informational purposes only. For personalized financial advice, please contact our commercial financing experts.


While the long-lasting effects of the coronavirus pandemic will continue to be felt for months and years to come, there is reason for optimism as we head into the summer months. That is certainly true when it comes to commercial lending.

According to the Equipment Leasing and Finance Foundation (ELFA), COVID-19 may have “accelerated digital adoption by seven to 10 years.” The result? An estimated $1.8 trillion is expected to be spent on capital goods and fixed business investments this year, with many of those assets needing some sort of financing solution.

In this blog, we’ll outline how businesses have adjusted their operations due to the coronavirus and why they are re-examining their equipment needs. If you need help determining if your business needs to re-think its leasing and financing strategy, you may want to reach out to an experienced independent commercial lender like Team Financial Group to learn more about your options.

RELATED: We Make Equipment Financing Fast, Flexible, and Easy

Businesses Are Still Adjusting Their Equipment Needs Due to the Coronavirus

One of the biggest impacts that COVID-19 had on businesses of all sizes, was an increase in the mobile workforce and how operations subsequently reconfigured their technology equipment to continue running smoothly. With many employees forced to work out of their home for long stretches, businesses had to quickly adjust their resources so remote workers could continue to do their jobs.

As remote workers are starting to return to the workplace, businesses will need to determine if their technology equipment needs to be updated or expanded again. Even businesses that embrace a hybrid work model will need to evaluate if their equipment is flexible enough to allow workers to successfully operate both remotely and at the office.

And how are businesses going to acquire that technology equipment? The vast majority – nearly 8 in 10, according to the ELFA – will use some sort of equipment financing solution to modernize operations and boost growth.

4 Factors to Consider When You’re Exploring Commercial Lending Options

The coronavirus pandemic forced many businesses to rethink their business operations. While things haven’t necessarily returned to normal just yet, more companies are beginning to invest in equipment and software to meet increased demand and build for the future.

As a result, here are four commercial lending trends that we’ll be keeping our eye on throughout the rest of 2021 and beyond:

RELATED: How to Choose the Right Commercial Lender For Your Business

Contact Team Financial Group to Learn About Your Equipment Financing Options

Need help determining how recent commercial lending trends might affect your business? We can help you stay ahead of the curve. We specialize in offering fast and flexible equipment financing for a wide range of small businesses.

Call Team Financial Group today at 616-735-2393 or fill out our contact form to talk with a financing expert. If you’re ready to apply for financing, fill out our short online application and we’ll get the process started.


For Construction Pros. (2021, January 25.) “Top 10 Trends That Will Influence Equipment Acquisition in 2021.” Retrieved from: 

Vogt, A. (2020, November 18.) “5 Ways COVID-19 is Shaping the Equipment Finance Company of the Future.” Equipment Licensing and Finance Association. Retrieved from:


The content provided here is for informational purposes only. For personalized financial advice, please contact our commercial financing experts.

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