5 th working capital DENIED

tjones8800
Contributor
Contributor
I have been with PayPal for 15 years. I have applied for 5 working capital loans and paid ALL off early. I paid off my most recent then reapplied and got DENIED. Well I had received a large payment from a patient and PayPal put a portion of it on hold (750.00). They said they did because I keyed in the transaction. My patient paid over the phone so I didn’t have the physical card. Anyway, after speaking with PayPal letting them know I have never had as much as a chargeback on my account. They released the hold. My loan was paid then I reapplied for a wc loan and it stated DENIED due to recent hold or chargeback etc. I was **bleep**. Should I reapply and if so how long should I wait! Any suggestions would be helpful as I need the money for business expenses and spent it paying off my loan. Does it hurt to reapply daily?
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2 REPLIES 2

Whac-A-Mole
Frequent Advisor
Frequent Advisor

I would not reapply daily.

 

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simplestuff
Contributor
Contributor

You can reapply as much as you want. Will not hurt you. Do it daily if you wish. That is from the what the agents have stated.

 

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