PayPal Capital Loan
Click4caroline
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Posted on
Mar-08-2021
02:35 AM
I applied for a capital loan but it said I was ineligible without explaining why I checked and for some reason my PayPal account had reverted back to personal for some unbeknown reason and so I changed it back. It still said I was ineligible, even though I’ve made over $15,000 aud in sales in under a year. Does it only apply when I’ve made $15,000 moRe sales after I’ve fixed the glitch? 😑
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PayPal Business Loan
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Working Capital
1 REPLY 1
Tapless
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Mar-11-2021
12:37 PM
I've been told when you make a change like that it might take several days for the system to catch up. It doesn't hurt to apply so just apply everyday to see if things change. With a couple of loans I got in the past I kept getting denied applying 3-4 times a day and then suddenly they approved it.
Another thing you might consider is the time period over which the $15k was earned. March revenue doesn't count. I was told that to determine eligibility as of right now they would use revenue from March 1, 2020 to February 28, 2021.
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