Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.
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When businesses *can* get a bank loan, they spend an average of 25 hours on paperwork and wait weeks or months for approval.
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For internet businesses, capital is vital to growth: for marketing spend, inventory, engineering, and much else.
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Stripe users report access to capital as one of the top factors affecting their growth.
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We’re introducing Stripe Capital today: loans designed for internet businesses, underwritten by your payments on Stripe, no application necessary, paid back automatically.https://stripe.com/capital
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Replying to @collision @adrianweckler
US only? Do you have plans to roll it out to other countries?
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At the moment, yes! Initially, Stripe Capital will be offered to select businesses in the US based on factors that include payment volume and history on Stripe. As we grow our program, this will expand and we hope to eventually offer capital to virtually every business on Stripe.
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