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🧵 Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.
When businesses *can* get a bank loan, they spend an average of 25 hours on paperwork and wait weeks or months for approval.
For internet businesses, capital is vital to growth: for marketing spend, inventory, engineering, and much else.
Stripe users report access to capital as one of the top factors affecting their growth.
We’re introducing Stripe Capital today: loans designed for internet businesses, underwritten by your payments on Stripe, no application necessary, paid back automatically. stripe.com/capital
