PayPal Working Capital

Fly-Guy1
New Community Member

When I first purchased my business, I got a PayPal working Capital loan. It was actually paid off early. I have since reapplied a number of times and keep getting declined. I receive a letter simply stating I didn't score enough points. Anyone have any idea how to overcome this issue? It is really hurting my business.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Fly-Guy1 

 

Best to wait a month or two from the time you paid off your previous loan before reapplying since PayPal needs time to update your account numbers in their system usually around mid month. Did you receive paper letter or was this an email? Paper letter seems like a more final decision type thing.

 

Perhaps you can try for a PayPal business loan

 

Or check out this guide:

https://www.fundera.com/business-loans/guides/paypal-working-capital-declined


Kudos & Solved are greatly appreciated. 🙂

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Fly-Guy1 

 

Best to wait a month or two from the time you paid off your previous loan before reapplying since PayPal needs time to update your account numbers in their system usually around mid month. Did you receive paper letter or was this an email? Paper letter seems like a more final decision type thing.

 

Perhaps you can try for a PayPal business loan

 

Or check out this guide:

https://www.fundera.com/business-loans/guides/paypal-working-capital-declined


Kudos & Solved are greatly appreciated. 🙂
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