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Anyone know what this code means when applying for a subsequent working capital loan. I manually paid my 2nd loan off and am hoping it was not a mistake. It was a calculated business decision and I would have never done so if I had any idea there would be an issue with another loan. I applied and was declined. I have paid off 2 loans with no issues.
Welcome to the PayPal Community.
I recommend contacting Working Capital for more information on the code you mentioned.
Hello, were you ever able to get one? I am on my first loan about to pay it off and concerned. I got the loan in August my sales in Sept was good but October dropped a bit, I mean all sales flatuate right.
I'm currently having this same problem, and by the sounds of it many others too. Sounds like PayPal is super generous at first and then pulls the plug no matter how well you are doing. Frustrating really. I'm basically **bleep** cause this loan system really was helping my business. Things just got a lot more difficult. But hey, at least they got their fees, right?
Did you ever get approved? I just paid off my first loan and now I am getting the 738 code. What does it mean? I got anxious and applied again right away - maybe I applied too soon after getting the payoff notice on the first loan.
My monthly sales dropped slightly compared to when I got the first loan, but were relatively steady and went back up 33% last month.