Stripe capital loan terms are interesting. I'm being offered up to 10k at fixed fees that seem to be just short of 10%, so much cheaper than payday loans. Repayment as fixed fraction of sales between 9-18% (which I initially misread as the interest rate)
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Fascinating. This is based entirely on a local creditworthiness on the platform. "All offers are based solely on the transaction history and volume of your Stripe account, therefore there is no credit check for accepting an offer or checking your eligibility."
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I don't know if this is a new product or I'm just receiving an offer now because I now have a relatively steady processing volume baseload due to my newsletter, plus spikes from consulting invoices.
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A dollar of stable cash flow is worth two dollars of unstable cash flow it seems, as far as cost of capital goes.
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Hmm, I've just been thinking about doubling down on newsletter type things that increase cash flow stability. Hadn't thought of this as a potential payoff. That goes into the pros column now.
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