Working capital

Chuffingmad
Contributor
Contributor
We paid off our 2nd paypal capItal loan 2 days ago early . As we had the chance to buy a lot of secondhand machinery which would of greatly increased profit margin as more would be done in house. However when we apply for a new loan it says it's not available to us at this time. Underneath it says DLGJ0650 I's this a code that here's help with ? Would be really frustrating if you're not allowed a third as didn't realise and we could of brought haof of it. Any ideas would be great cheers Ps. Stable sales and never had a complaint escalated that I can think of
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10 REPLIES 10

Nietzsche22
New Community Member

Hello,

 

Be patient.  WC works fine.  One will generally get denied because the computer takes time to adjust your last payoff.  Just wait a week or two.  As long as you continue to meet paypal minimal for qualification, you will be fine.  It happens to me all the time and I have had 4 loans with them.  I just received funding recently and was denied with 602 code for about a week.

 

It's normal.  Paypal works for me better than any other banking system.  Just keep plugging away when applying. Paypal does not hold it against you because there is no credit check.

 

Maurice

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