Fast funding, competitively priced.
A fixed-term small business loan determined by the overall health of your business, meet PayPal Business Loan. Loan amounts vary from $5,000 to $100,000 for new borrowers and up to $150,000 for those who take out loans again.
Financing designed for business
The money is transferred to your PayPal Business account as soon as the following business day if your application is accepted. ¹.
Competitive and transparent pricing
Apply and pay a single, affordable fixed fee that you will be informed of. No late fees, early repayment fees, or processing fees. ².
Select a term that works best for your company, and make automatic, consistent weekly repayments.
Check eligibility in minutes³
Find out quickly if your company qualifies for a loan without affecting your credit score as a consumer. ⁴ The lender for PayPal Business Loan is WebBank. 1For applications approved by 5 PM ET on bank business days, the lender transfers funds as soon as the following business day. 2A $20 Returned Item Fee is the only additional expense in addition to the Total Loan Fee; this fee is only incurred in the event that a payment is returned. 3This is not an offer or a commitment to provide funding; rather, it is an invitation to apply. Applicants must satisfy certain requirements to be eligible. Lender approval required—terms and conditions apply. 4Finally answering the questionnaire will determine if your company qualifies, give you access to projected offers if accepted, and have no effect on your credit score as a consumer. Your consumer credit score may be impacted by the credit and other public record checks that will occur if you accept an approved loan offer.
Fund a new opportunity. Help manage cash flow. Get more inventory. Ramp up your marketing. Improve day-to-day operations. A PayPal Business Loan can help you get started.
Minimum eligibility requirements:
- At least nine months in business
- Annual revenue of at least $33,300
- A PayPal Business account is required
This small business loan can help take your company further
This is not an offer or promise to supply funding; rather, it is an invitation to apply. Applicants must satisfy certain requirements to be eligible. Lender approval required—terms and conditions apply.
The length of the loan varies based on your eligibility and loan amount, from 17 to 52 weeks.
If approved, agree to the loan terms. After that, the lender will send money to your PayPal Business account as soon as possible on the following business day. For applications approved by 5 PM ET on bank business days, the lender transfers funds as soon as the following business day.
I didn’t have to jump through any hoops.
[PayPal Business Loan] is automatic; each time I make a payment, a predetermined amount is taken automatically out of my account, and I can even select the day. ” Results or experiences may vary substantially across businesses.
| PayPal Business Loan | PayPal Working Capital | |
|---|---|---|
| Loan amount |
$5,000 – $100,000 (up to $150,000 for repeat borrowers) |
$1,000 – $150,000 (up to $250,000 for repeat borrowers) |
| Time to receive funds | Check eligibility¹ and, if approved, get funding as soon as the next business day² | Get funding in minutes if approved |
| Minimum eligibility requirements |
|
|
| Credit check | Requires credit checks because the loan is based on a full picture of your business | No credit check because the loan is based on your PayPal account history |
| How the loan is paid back | Weekly fixed payments are automatically made from your bank account | Repaid as a percentage of your PayPal sales; minimum repayment every 90 days |
| One fixed fee that’s paid over the life of the loan³ | ||
| No hidden fees and no late fees | ||
| Check your eligibility | Learn more |
PayPal Business Loan FAQ
To find out if your company qualifies, you have to spend five to ten minutes answering an online questionnaire. If your identity cannot be automatically verified, it might take longer for your application to be processed.
After completing the questionnaire, estimated loan terms can be modified to compare financing costs by changing the loan amount and duration.
If your application is accepted and you choose your preferred terms, you will be asked to electronically sign a contract that includes bank instructions so that payments can be deducted from your business checking account on a weekly basis.
As soon as the following business day, if the application is accepted and approved by 5:00 PM ET on bank business days, funds will be transferred.
Providing answers and comparing various estimated loan terms won’t have an impact on your consumer credit score. Your consumer credit score may be impacted by the credit and other public record checks that will occur if you accept an approved loan offer.
The PayPal Business Loan does need a personal guarantee, just like the majority of small business loans.
The length of a loan can vary from 17 to 52 weeks, contingent upon your qualification and loan amount. .
Weekly payments for your PayPal Business Loan are automatically deducted from the bank account of your company. When you sign the loan contract, you give account information and indicate your preferred payment day. Automatic repayment will occur weekly on a day you choose. It will not be possible for you to change the frequency of payments.
There is no upfront fee deducted from your loan proceeds. Rather, over the course of the loan, a single fixed fee (the Total Loan Fee) is paid.
Yes, you can use the bank account of your company to make a one-time payment or even pay off your loan in full. There is no early repayment fee. To arrange your payment, just sign in to your PayPal Business Loan portal account and choose the “One-Time Payment” tab from the top menu.
No, but you can always use a legitimate business bank account to manually make a one-time payment whenever you choose.
In order to make a one-time payment, you can either add a new business bank account or use the repayment business bank account that is currently connected to your PayPal Business Loan account.
No. Your one-time payment will automatically adjust if your scheduled one-time payment is less than the remaining balance on your business loan, preventing you from overpaying.
Scheduled payments will be posted to your account within 24 to 48 hours of the scheduled date of processing. Payments will be applied to the outstanding balance of the business loan once they are posted.
No. At this time, businesses in Hawaii, Nevada, North Carolina, North Dakota, and South Dakota are unable to apply for PayPal Business Loans. Kindly keep checking back to see if your state offers PayPal Business Loan.
Want fast, competitively priced funding?
A fixed-term small business loan based on the whole picture of your company is offered by PayPal Business Loan.
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FAQ
Do PayPal let you borrow money?
The procedure is simple if you are granted a loan: Choose the loan amount. The maximum loan amounts are determined mainly by the history of your PayPal account. Select the portion of your next PayPal sales that you would like to use to pay back the loan balance plus the loan fee.
How much loan can I get from PayPal?
PayPal Working Capital Loan amount: $1,000 to $150,000 (up to $250,000 for borrowers who reapply) Funding time: If approved, funds can be disbursed in a matter of minutes.
Does PayPal do cash advances?
When you choose PayPal Credit when you make a purchase from a merchant on their website, over the phone, or at another approved location, you can use your account to make purchases (both regular and promotional). You may also use your account to get cash advances. These types of transactions are further explained below.
Is PayPal Credit a personal loan?
It’s a credit limit that you can use for online purchases that is linked to your PayPal account. It is not what I would characterize as a “loan” in the conventional sense.
Read More :
https://www.paypal.com/us/cshelp/article/what-is-paypal-working-capital-and-how-do-i-apply-help430
https://www.paypal.com/us/business/financial-services/business-loan