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The important question here is what are your average monthly sales? (e.g. what is the expected term and thus APR of the loan?)
by mNovak 7y ago
The important question here is what are your average monthly sales? (e.g. what is the expected term and thus APR of the loan?)
- deleted 7y ago[deleted]
- ant6n 7y ago"until the total amount owed is paid down"
- i_cant_speel 7y agoI'm confused on why everyone is focusing on this so much. It matters on interest-based loans because a higher APR means you are going to pay more in X amount of time. But here you are paying a flat fee, regardless of the amount of time it takes to repay. Why does the APR matter?
- softawre 7y agoBecause if you have the option of getting the loan through Stripe or a bank that offers a loan with a regular APR, you may want to compare which is a "better deal".
- i_cant_speel 7y agoAh that makes sense.