> percentage of my sales (30%) did they take 30% of each sale until the full $10... | Hacker News

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		beachstartup on May 28, 2014 \| parent \| context \| favorite \| on: Square Begins Offering Data Driven Cash Advances t... > percentage of my sales (30%) did they take 30% of each sale until the full $10,750 was paid back or... ?

primitivesuave on May 28, 2014 [–]

Yes - 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.

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