paypal working capital not working code 711

[antiquesatm]

very upset about how this working capital is working , this is my 5th loan which we have paid in full and never missed a payment

my yearly sales are well over 200,000 thousand and all my business is going through pay pal

which I go in to apply again as it states apply again I get a decline , are you kidding me I just paid you back a 47000 dollar loan

and I get a decline and you tell me it is yor system not yet picking up the loan is paid

I get a 711 code

now I have been with you since 2003 and never  any issues with my account always in great standing and I cannot get any help at all on this

what is the problem ?

and why am I being declined with this code that says my account is linked with an account that did not fill the expections what other account , I have

called in and I only have this account .

now the worst thing is I am purchasing a store front and if I cannot access another working capital loan I will change my payments to go to my bank and get a loan via them as again great standing with credit score of 800 so I know I will not have any problems

[Atxdriver]

Having had four previous PPWC loans with no issues of any kind, when I applied for a fifth loan, I too, received the 0711 code. This happened on a Friday morning. I had paid-off the previous loan the day before. When I spoke to the PPWC rep, I was told the 0711 code meant that my previous loan had taken longer than expected to pay-off. I must admit, I did have a dip in sales over the previous year, and I did not make any manual pymts during the course of the loan, until the end, when I paid the loan off. I am in the ground transportation business. As everyone knows, the Rideshare industry has pretty much taken over the ground transportation industry. The rep told me not to worry, and to wait 72 hours before applying again, and everything should be okay. Needless to say, I didn't wait the full 72 hours before re-applying. Instead I applied again on Sunday morning, and received a top offer of 31% less than my last Ioan amount. I'm not sure if I had waited the full 72 hours, if the offer would have been different. Another thing, PPWC now predetermines the re-payment percentage, based on the loan amount, as well as an estimated time to repay the loan in full. I went ahead and accepted the lower loan amount, because I needed the funds.