Conversation

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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"The repayment rate is a fixed percentage of your sales volume and will dynamically adjust to your company's performance. That means when sales increase, you’ll pay the advance down faster. On slower days, you’ll pay less."
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"All loans have a minimum payment requirement every 60 days, and must be fully repaid within 540 days. For more details, select an offer (you’ll still have a chance to review before accepting)."
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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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