Interesting thread on predatory loans. Would love to hear what folks at @stripe and @Shopify say about it. Maybe @patio11 could shed light?https://twitter.com/soundslikecanoe/status/1174721737822547969 …
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A feature of these products is that you're essentially selling some downside risk to the lender. (i.e. If your business ceases growing or contracts, your repayment period will be longer over the same fixed cost and both your monthly outgoing and your implicit APR will be lower.)
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Is that going to be a great tradeoff for every entrepreneur? Probably not. If you're not just personally mortally certain of your growth rate but can convince other institutions of it easily, money will find you in abundance at very attractive terms.
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