harshadante

5 ms·

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by harshadante 7y ago
We’re working with banking partners to originate the loans. We’ll fund some of these loans ourselves, and we’ll also work with investors to help us extend even more capital.
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by harshadante 7y ago
We underwrite our loans based on factors that include your payment volume and history on Stripe. There’s no strict cutoff on how much sales you need to be eligible, but for now we require some payment history with us before we can qualify y
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by harshadante 7y ago
Just in the US right now. We know the need for capital is global, and we’re working to expand this to EU businesses soon! However, we don’t have a specific timeline at the moment.
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by harshadante 7y ago
Hi there, this is Harsha from the Stripe Capital team. You are correct that the repayment rate (9% in this example) will stop once the loan amount and the fixed fee has been repaid. There are no interest charges or additional fees.
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by harshadante 7y ago
Harsha from the Stripe Capital team here. The loan amounts, repayment rates, and fees shown on the landing page are just used as examples. That being said, the example you walked through is correct: for a loan with a 10% fee and a 12% repay
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by harshadante 7y ago
Harsha from the Stripe Capital team here. Access to capital has been one of our top user asks, and users were excited about the possibility of Stripe leveraging our knowledge of their business to offer them an integrated solution for their
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by harshadante 7y ago
Harsha from the Stripe Capital team here. We’ve designed the program so that most offers take about 8-12 months to pay back, and therefore the repayment rate would change to reflect that projected duration (which would ultimately impact the
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by harshadante 7y ago
Harsha from Stripe Capital here. A ton of entities supply capital to businesses today -- it's one of the largest markets in the world. We aren't trying to beat anyone else. We're just responding to the need we heard from Stri