Turning to the leveraged loan market, which was previously exclusive to more established companies, allows Uber to take advantage of historically low interest rates while keeping venture capital backers happy by not further diluting their equity.
Starting July 13, the company will no longer allow ads for loans where repayment is due within 60 days of the date of issue. In the U.S., it is also banning ads for loans with an APR of 36 percent or higher.
Often borrowed from a bank, credit union or private agency, loans help entrepreneurs and business owners start or sustain businesses by lending a sum of money that is paid back with interest. Raising enough capital is key for an entrepreneur looking to start his or her own business. There are a number of loans available so understanding which type of loan is best for a business is crucial.