3 ms·
> percentage of my sales (30%) did they take 30% of each sale until the full $10,750 was paid back or... ?
by beachstartup 12y ago
> percentage of my sales (30%)
did they take 30% of each sale until the full $10,750 was paid back or... ?
- primitivesuave 12y agoYes - they had a table where they compare loan amounts (anywhere from 1 - 10k) and amount to be repaid (usually around 7 - 10% greater than the loan amount) and the percentage of sales that would be used to repay the loan. Paying a larger percentage of sales significantly reduces the interest rate.