Chris Motola

Wells Fargo offers unsecured business loans, lines of credit, and SBA loans to its business customers. Wells Fargo’s rates, terms, and fees are significantly better than you’ll find in most of the alternative market. But they have strict borrower qualifications and businesses with revenue problems will probably have a hard time meeting them.

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.

One of the biggest perks offered by business credit cards, other than convenience, is rewards. Gamed correctly, business credit card rewards can be a way to save money on your biggest expenses. Not sure which rewards are right for your business? Wondering what kinds of expenses to use your card on? Not even sure what’s […]

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, […]

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.

Currency Finance (formerly Currency Capital) is an alternative financing company that offers a platform to connect customers with third-party equipment loans and leases. Currency offers an impressive amount of equipment capital to new businesses, but its funding process can still drag out.

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. […]

A tax lease is a rental agreement in which the entity financing the lease (lessor) retains ownership of the asset in question for the duration of the lease with regard to tax and bookkeeping purposes. Tax leases last less than a year.

Shopify Capital offers short-term business funding in the form of merchant cash advances and short-term loans. It has relaxed borrower qualifications and competitive terms and fees. Shopify Capital is available to Shopify users only. Despite the potentially high fees, Shopify Capital is certainly worth considering if you are given an offer.

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.