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 …
-
-
Very many entrepreneurs *don't* have financial institutions throwing them all the money. They might have personal financial circumstances which cause their credit (which these products don't need to check) to be below underwritability. They might not want personal guarantee.
-
Quick anecdote: prior to working at Stripe, I asked them to build this product for 3 years running so I could use it for my SaaS company. Opinions of the easy availability of credit nonwithstanding, my profitable, six figure SaaS business racked up 8 rejections for a LoC.
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
(1/16)