Commercial Financing Blog

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commercial equipment financing

Carpentry Startup Goes Against the Grain to Secure Funding

February 15, 2021

Hudsonville, Michigan-based Straight Edge Customs offers residential, multifamily, and commercial customers a variety of carpentry services, including rough and finish carpentry, custom cabinetry, and decks. Owner Geoff Farrier works to ensure that his deep industry […]

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Team Financial Group

Team Financial Group Helps Integrated Technology LLC (ITg) Achieve Rapid Growth at Scale

February 8, 2021

Integrated Technology LLC (ITg) takes a customer-centered, fresh approach to the office automation business. Founded in 2018, the company offers a one-stop business solution for office supplies, document management, VoIP, digital marketing, and managed network […]

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Section 179 on Used Equipment

Can You Take Section 179 On Used Equipment?

February 2, 2021

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment for the current tax year — instead of writing off the purchase over the course of several […]

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how does inflation affect fixed rate loans

How Does Inflation Affect Fixed-Rate Loans? 

January 12, 2021

Inflation happens when prices rise, which means the purchasing power of your dollar falls. Although that sounds bad, most economists agree that a moderate inflation rate is necessary for a healthy economy, because it encourages […]

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hybrid machining

Hybrid Machining Solves Startup Challenges With Help From Team Financial Group

December 15, 2020

Hybrid Machining is a Holland, Michigan-based manufacturing company founded by Jeff Robinson that handles a wide range of machining jobs, from simple to highly complex. The company combines traditional machining skills with three different 3D-printing […]

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How to Get a Business Credit Card for a New Business

How Do I Get a Credit Card for My New Business?

December 14, 2020

Starting a new business is a thrilling experience. After all these years, you’re finally ready to make your dreams a reality, and you’re poised for success. This new venture takes serious bravery, ambition, and finances, […]

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personal guarantee

Why Would I Personally Guarantee Financing if the Lease Is in My Business’ Name?

November 25, 2020

Small business owners frequently need to offer a personal guarantee to get commercial financing. Sometimes, these guarantees can cause anxiety for owners — it’s a little uncomfortable to put your personal assets on the line […]

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km industrial machinery

KM Industrial Machinery Finds a Financing Partner Who Gets the Job Done

November 12, 2020

KM Industrial Machinery has been selling quality machine tools since 1942. The company provides high-tech, state-of-the-art equipment for the molding, stamping, and machining industries. A third-generation family business based in Kalamazoo, Michigan, KM Industrial Machinery […]

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jde concrete

JDE Concrete: Decades-Long Partnership Leads to Lasting Success

October 19, 2020

JDE Concrete is a concrete services company that has served businesses and residential customers in West Michigan (and beyond) since 1997. The company specializes in commercial, residential, and agricultural concrete projects, including pump, flatwork, stamped […]

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what is a ucc 1

What Is a UCC-1 Filing, and Why Do Lenders Use Them?

October 15, 2020

A UCC-1 is a financing statement that a creditor files to notify other parties that they have a security interest against one or all of your assets. UCC-1s sometimes cause confusion for business owners who […]

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What Our Clients Say

tfg-star-rating

“The professionals at Team Financial Group have a clear understanding, knowledge, and experience in my industry, providing me with the confidence to deal direct and only with them when seeking financing. Team Financial Group is a true partner. I would highly encourage anyone in my industry, and [in] others, who is looking to finance equipment to strongly consider the great people at Team Financial Group.”

Todd Wenzel, President

Wenzel Automotive Group

“Thank you so much for being so quick and easy to do business with.
We really appreciate how Team Financial was willing to help out our business.
I can't express my gratitude enough.
I look forward to doing business with you in the future.”

Sarah Turner, Owner & CEO

Northwest Carriers, LLC

“We are continually impressed by the professionalism and responsiveness of everyone at Team Financial Group. They are thorough, efficient, and a customer service dream team (they could provide consulting and training in this regard). Team Financial Group takes the time to understand our company’s needs. Thanks, Team Financial Group, for all of your efforts in helping our business grow.”

Edward and Jacqueline Westerhof, Owners

EJW Investments, LLC

“We are extremely thankful to Team Financial Group for assisting us to secure stable financing for the leasing of our school buses. They took the time to understand our finances and funding source requirements and now we have a fleet rotation plan that works like clockwork. We like using locally based businesses as they help support locally based non-profits like us. They are a true ‘TEAM’ in every sense of the word.”

N. Priebe, CPA; Controller;

Michigan Family Resources

“A personal thank you for your attention and professionalism in processing our loan request. From the initial phone call, to a personal visit, then gathering the loan information, to the loan documentation and finally, personally depositing the check into our checking account-that’s service and attention we have never experience in our 29 years of being in business! Congratulations to your entire team! We trust we will be doing business again in the future.”

Jeff Hawks, President

Parkside Land Development, LLC - ProEx, Inc.

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