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I've probably missed something, but for how long does the borrower have to pay 9% of their sales? Is the debt paid in full once $15k (+interest?) is paid back?
by ericjang 7y ago
I've probably missed something, but for how long does the borrower have to pay 9% of their sales? Is the debt paid in full once $15k (+interest?) is paid back? What is that interest rate?
- frakkingcylons 7y agoThere is no interest, you just have to pay back the fixed fee.
- harshadante 7y agoHi 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.