PayPal Capital Loan

Click4caroline
New Community Member
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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1 REPLY 1

Tapless
Contributor
Contributor

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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