Capital expenditure (Cap Ex) is essential for driving organizational growth in the business world. Knowing how to plan and manage your Cap Ex spending can greatly influence strategic investments in your company’s future.  Let’s take a closer look at Cap Ex planning including how to create an appropriate budget, avoid common mistakes, and use best practices for managing risks to grow revenue.  Defining Capital Expenditures As we explore Cap Ex spending and planning, it can help to do a quick level-set of what we’re talking about.  Put simply, Cap Ex refers to major, long-term inv ..read more

For companies of all sizes, closing sales can hinge on eliminating customer friction – those speed bumps that can stop potential customers from buying. In business deals, friction points ranging from confusing prices to sluggish approvals can deflate conversion rates. As a business owner or key decision-maker, recognizing and mitigating these friction points is essential to fostering positive customer experiences and, ultimately, driving sales growth. Join us as we break down some top purchasing hurdles and provide proven ways to overcome them. Remember, Team Financial Group is more than lende ..read more

In the ever-evolving landscape of business, choosing the right equipment financing partner is a pivotal decision. This choice isn’t just about securing the funds to acquire essential assets; it’s about setting the course for your business’s success. And you need a partner who understands your unique needs, aligns with your industry, and shares your vision. But with numerous financing options and providers vying for your attention, how do you navigate this important decision? To answer that, let’s walk through the top considerations for selecting the ideal equipment financing partner. Whether y ..read more

In the fast-paced and ever-evolving landscape of modern business, staying ahead often means embracing innovation and adaptation. This applies not only to products and services but also to the financial strategies that drive growth. For businesses of all sizes, securing the right equipment is not merely a necessity; it’s a strategic move that can shape the future. Enter the world of customized equipment financing solutions—a game-changer in the way businesses acquire the tools they need to thrive. In this article, we’ll look at the significant advantages of tailoring financing options to meet y ..read more

In the dynamic world of business, where every decision counts and every resource matters, there’s no room for financial missteps. For businesses of all sizes, obtaining the right equipment is not merely a transaction—it’s an investment in growth, efficiency, and competitiveness. This type of strategic move shapes the future of your business. And this is where the concept of common-sense lending principles comes into play. In this article, we will dive into why these principles matter profoundly in equipment financing and how they can be the guiding force behind your business’s success. Imagine ..read more

Facing rejection from a bank for equipment financing can be disheartening and frustrating, especially when you have a solid business plan and a clear vision for your company’s growth. As a business owner, you understand the importance of acquiring the necessary equipment to enhance productivity, expand operations, and stay competitive in the market. However, a bank’s decision to decline your loan application should not be the end of your pursuit. At Team Financial, we recognize the challenges that business owners like you encounter when seeking traditional lending options. Banks often have str ..read more

In the competitive world of business, one of the most significant challenges that companies face revolves around the age-old question: How do you get paid? For businesses operating as suppliers or distributors, ensuring timely payment from customers can be a perpetual struggle. Late payments, cash flow gaps, and unreliable revenue streams can put immense strain on a company’s financial stability and hinder its growth prospects.  While these challenges may seem insurmountable, there are opportunities for businesses to overcome them and establish a more reliable and streamlined payment proc ..read more

Commercial electric vehicle charging stations can make your business more attractive to potential customers, and the benefits of providing charging stations will only increase as the EV market continues to grow. Between local and federal financial incentives, widespread adoption of standardized charging equipment, and a massive increase in embracing EV technology from the public, there’s never been a better time to add EV charging stations to your business. Despite the financial incentives and array of options for commercial EV charging stations, you may find that EV charging stations cost mor ..read more

Growing or establishing a small business requires money, and usually more than most small business owners have on hand. When it comes to acquiring a small business loan—something that can be important for leasing or buying equipment—most people think of going to a bank to borrow money. Banks generally offer the best interest rates, but the application process can be cumbersome and lengthy. Even if you’ve got a successful business model that is very profitable, and a great credit score, you still might not check all the right boxes for the bank’s approval. What does it take to get approval on a ..read more

Typically, expanding or growing your business is one of the biggest goals for any small business owner. This makes sense because reaching a wider customer base, expanding operations, and increasing production, capacity, and efficiency all can provide huge benefits for a company. At the same time, when a company tries to grow too fast, the results can be disastrous. For this reason, a wise business owner will protect cash flow during periods of growth. That is an important way to ensure that the financial health of the business stays intact. Defending your cash flow often involves finding a way ..read more