Stripe Capital
The way Stripe Capital has structured repayment of the loan -- fixed fee, dynamic loan term -- is is an interesting way to make it hard to compare against other lenders, which typical express their fees through APRs.<p>The term of the loan is variable, and depends on daily sales, but assuming you have a high volume of sales and take out a small loan, the effective APR is going to be through the roof!<p>For instance, suppose I take out a $25K loan with a $2.5K fixed fee.  Now 15% of my sales go toward repayment.  Let's say I pull in a little over $30K in sales a month.  The loan will be repaid in about six months, and my effective APR is 20%!  Might as well put it on a credit card!<p>You can get a small business loan at <i>FAR</i> better terms elsewhere: <a href="https://www.valuepenguin.com/average-small-business-loan-interest-rates" rel="nofollow">https://www.valuepenguin.com/average-small-business-loan-int...</a><p>So it seems like the main reason you'd go with Stripe Capital is that they've made the whole process practically effortless.<p>But one thing strikes me as odd about this whole arrangement.  The better a business performs, the quicker it is able to repay the loan, and the higher its effective APR becomes!  It's essentially a prepayment penalty in disguise.  So you'd better make sure the loan doesn't help your business <i>too</i> much, or you'll end up getting hosed by the loan fee.