John on why we built Stripe Capital. We have high hopes for this product: an engine for dynamically allocating capital to some of its most productive marginal uses.
https://twitter.com/collision/status/1169660488374001664 …
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Replying to @patrickc
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@collision@stripe I'm curious why all the announcements and examples on the site say you're doing lending but when I click on the FAQ, it says you're doing MCAs and buying future sales and not actually making loans. Which is it???1 reply 0 retweets 3 likes
Replying to @financeguy74
Good question—it'll actually be both. Eligible users will be able to see whether their offer is for an MCA or a loan in the dashboard. (We'll update our FAQs to make this more clear!)
12:29 PM - 6 Sep 2019
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Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.