Working Capitol Denial
knittinggnome
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Posted on
Feb-14-2021
11:15 AM
I have had 8 Working Capital loans with PayPal, borrowed and repaid over $170K over the last 6 years. Just paid off a loan last week, on Wednesday, the money has cleared. My business is doing very well, we are growing. I wanted to get a jump start on some new inventory so went to reapply just as I have done before and I am getting denied. I am super confused. Nothing from PayPal on the Working Cap site about them not doing them right now. Wondering if anyone else is having trouble.
1 REPLY 1
Jborron
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Feb-15-2021
07:45 AM
I’m in the same boat. Been getting denied since I paid off 3 weeks ago. Since they did a system update, it’s been all messed up. Mine is trying to say I have to have my Etsy set up with direct deposit however I don’t sell on Etsy. They escalated my issue to the the website engineers and are still waiting to hear back. It’s been 2 weeks since I made my first claim and they said they see no reason why I shouldn’t be eligible. Now I’m getting a code saying I don’t have enough sales history which is complete garbage. So, just here impatiently waiting!
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
Related Content
- Are people actually getting Working Capitol Loans right now? in Merchant Products and Services Archives
- This is why you can't get a Working Capitol Loan in Merchant Products and Services Archives
- Repeated PayPal Working Capital Loan Denials in Merchant Products and Services Archives
- Working capital denial codes changing the last week in Merchant Products and Services Archives