I’ve had two loans through Working Capital (WC)- just paid off the second one. I spoke to WC yesterday and they told me that I was declined because I had one slow month in sales this year. I was told they do not look at the full year or past payment history when approving a loan. Even though I had one slow month I am still on par with last years yearly sales.
My question is how many months do I need wait to get the slow month removed from their loan calculations or is there any thing I can do to change the outcome of the approval process?
I got the same thing but in error code 704: Currently, your PayPal account activity is insufficient. The level of account activity is determined by PayPal account verification status, how long the account has been open, account usage, seasonal trends, and/or bank account verification status. I can get no answers.
I don't think that theres anything to resolve - this seems to be the way that they want it. I'm in the same boat - apparantly one slow month signals to them that your business is garbage, even if prior loans were paid back perfectly. I am personally just tired of messing with it and have already started the process of moving to a different card processor just out of principal.
