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Chris Motola

Senior Staff Writer

9+ Years At Merchant Maverick

Expertise: Business Payments, Crytocurrency, Business Funding

Education: MS Interactive Media, University of Central Florida

Chris has been writing about small business topics since 2003. In 2015, he joined Merchant Maverick, where he writes about business financing, payment processing, and demographic trends in entrepreneurship. Chris has been featured in Fox Business, ABC News, Yahoo Finance, GoBankingRates, Newsweek, BizJournals, and other publications. He has a Bachelor’s of Arts in English Writing Arts from SUNY Oswego, and a Masters of Science in Interactive Media from the University of Central Florida. He currently resides in the Hudson Valley region of New York.

Merchant Maverick Archives for Chris Motola | Page 10

What is a merchant cash advance?

What Is A Merchant Cash Advance For Business Funding?

A merchant cash advance is a sales agreement where the merchant (the “seller”) is selling their future revenue at a discount to the merchant cash advance company (the “buyer”). Because merchant cash advances are sales agreements, they generally aren’t covered by usury laws that govern loans. This is where they get their dubious reputation. The effective APRs of merchant cash advances can easily crawl into the triple digits.

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Apr 28, 2022 Filed under: Business Loans, Merchant Cash Advance

A General Guide To Filing For Bankruptcy For Small Businesses

Inability to meet your expenses is one of the most frightening things you can experience as a business owner. When you have no reasonable hope of getting your head above your water, it may be time to consider filing for bankruptcy. What Is Bankruptcy? Bankruptcy comes in a variety of forms that we’ll cover below, […]

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Jan 9, 2020 Filed under: Small Business

What Is A Factor Rate On Small Business Financing? How To Understand The Cost Of Borrowing

Although factor rates and interest rates appear similar, there are some important differences which potential borrowers need to be aware of. Fixed fees (the fee determined by a factor rate) are only calculated once, before the loan is issued. The fee will stay the same, regardless of how long repayment takes. On the other hand, interest rates are accrued over time—the longer your loan is outstanding, the more fees will build up. Read on for more about the difference between factor rates and interest rates.

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Feb 26, 2020 Filed under: Business Loans, Merchant Cash Advance

What Is A Lease Line Of Credit?

We often think in terms of insurance for expensive items we already own, but when it comes to anticipated future expenses, we usually only think in terms of savings. Businesses that expect to replace equipment in the near future, however, can prepare for those expenses in another way: by seeking a lease line of credit. […]

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Jan 9, 2020 Filed under: Business Loans, Equipment Financing

What TRAC Leases Are, How They Work, & When They’re The Right Choice For Your Small Business

If you’ve been searching the internet for information about equipment leasing, you’ve probably run into a wall of industry jargon. Between captive lessors, capital leases, equipment financing agreements, and references to Section 179, the terminology can get pretty opaque. This is especially true when it comes to TRAC leases. If you’ve ever wondered what the TRAC lease is, how it works, or even just what the acronym stands for, you’ve come to the right place.

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Jun 15, 2020 Filed under: Business Loans, Equipment Financing

10 Reasons Why You Shouldn’t Lease Equipment

When it comes time to replace or upgrade your equipment, you’ll quickly notice that there are a lot of companies willing to finance your assets with equipment leases. These companies often provide a very useful service, particularly for businesses that need to spread their costs out over time. This article is not, however, about the […]

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Feb 12, 2020 Filed under: Equipment Financing