[pdpi]

This was the "Aha!" part for me:

> Get a customized offer based on your card sales through Square, and then choose your loan size.

and then a bit further down:

> Repay it automatically with a percentage of your daily card sales through Square.

Such an incredibly obvious idea in hindsight. While I can see why putting all your eggs in one basket like this can pose something of a problem, there's no denying this level of integration is amazing for a small business.

[clint]

This is something PayPal has offered small businesses for probably close to a decade now.

[echelon]

But then you have to interact with PayPal.

PayPal burned me repeatedly as a teenager. Locked funds, some never recovered. I didn't do anything wrong.

Never. Again.

Maybe some people don't harbor this grudge, but to me PayPal is the epitome of incompetent and evil. Venmo, all of it.

[kyawzazaw]

Venmo is crucial to college life.

[onos]

So has square through a different mechanism, “square capital”.

[csa]

Stripe has been doing this for at least a few months now… maybe since last year.

It’s a nice feature.

Frankly, PayPal has been doing a version of this for years where they would put a hold on your funds and then (usually) offer you a loan that would cover most/all of the money held. Of course, they called all the shots, but the idea was there.

[mchusma]

It's an expensive loan though. Stripes offer was about 45% APR, which was higher than Kabbage, Fundbox, and a host of other fast/easy loan providers.

[mchusma]

It's a very expensive loan though. I did the math on our stripe offer, and it was o

[yesimahuman]

Yea, we recently got a Stripe Capital loan offer, but it didn’t seem compelling at all. We’re clearly not their target customer for that but as a tech startup doing SaaS I kind of figured we would be their target customer. The offer was orders of magnitude less than our ARR on that account.