Working Capital Loan-Sorry your business is not eligible

Scotch77
Contributor
Contributor

I have had two WC loans and just recently finished up loan #2 in quick order. When I go to Apply for a new loan, it directs me to a splash page that reads "Sorry, your business is not eligible to apply right now"- code DLGJ0255. So it does not even allow my to apply which is so odd.

Has anyone had this issue? My sales numbers meet all criterias... Thank you!

 

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4 REPLIES 4

PayPal_AshleyM
Moderator
Moderator

Hi Scotch77,

 

Sorry to hear about the trouble applying for a Working Capital loan. As this is probably an account-specific issue, I would advise reaching out to us using the number near the bottom of this page. I hope this helps!

 

- Ashley M


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Scotch77
Contributor
Contributor

I did speak with a Paypal representative.  My sales meet the criteria objectives. I paid off my previous PP WC loan in 72 days. I am an exceptional person to lend to. It is clearly obvious that Paypal is scaling back on their loans to best customers and businesses. Unfortunately, I will seek outside funding opportunities to gather loan. A simple google search will show that many lenders are capitalizing on PayPal's lack of committment to thier top clients. Loved Paypal but time to move on...

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mel2781p
Contributor
Contributor

I'm having the same error code and my sales meet the criteria. I've already paid two loans off with them

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gr8stmomof4
Contributor
Contributor

I am having the same issue. I have the exact code reason and code. Did anyone ever get one after that or figure out what it means? They have not given me a reason. 

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