Working Capital Loan

[BayouBling]

I am going to pay off a large sum so that I can get a 2nd loan. Now my questions is this if for some reason I don't get approved for another loan have you heard of Paypay refunded that lump sum and reinstating your loan? I am very nervous.

[LINDSEYANN06]

Yess. Once we get past this crap we will have to worry about not getting approved nxt. Which knock on wood this will be my 5th and I've never had a problem. But we will see. 🤞🤞 And yes I would have loved to know I'd have to wait "about" 10 days.. I can just imagine the denials that come with this new feature.

[Retrogeeks2]

I've had two no problem and applied back to back also, there's no reason I should be denied over 70k in sales, no month over 15.8% in variance of the prior month paid 8500 dollar loan off in 103 days on a 9 month term, so it should be no problem but it makes me nervous with all the horror stories granted most of them are 2016-2017

[canwehaveitnow]

I've just written to PayPal to see if there's anything I can do to be approved - I've increased sales etc and number 4 loan has been refused every day for months now.

[Retrogeeks2]

Hopefully they figure it out for you

[canwehaveitnow]

I know that it is totally up to PayPal who they decide to approve for loans but I wish there was some way you could know what improves your chances. I phoned customer services who went through my account and could give no reasons as to why number 4 loan had been refused - this has been months now but I still keep trying!!

[Tipton444]

Lyndsay I'm waiting right along side ya, we finished at the same time.  Paid it off on a Friday around noon, and today is day 10... I guess if it is business days only, this would only be considered day 6?!  Yikes.  I was totally frustrated when I called and they told me the new feature of paying it off from your bank account can take 10 days, I agree they should really make this more clear.  I'm hoping any day now that email pops up, because this has been a very hard week, especially since it's the biggest time for sales.  My bank account said pending for the first 3 days, then it cleared, and my working capital loan has said paid in full for 10 days.  Oh well, glad it's not just me though.  I still better not get denied for something stupid!

[LINDSEYANN06]

Yes been a rough week. And yup they should tell you that before hand but its paypal. They do what they want. 🤣🤣 I wake up every morning hoping for an email. 🤞 I will make sure I keep yall updated since I'm closer to "about" 10 days. I've been searching if anyone has successfully got to the 10 day mark and got approved.

[LINDSEYANN06]

It cleared. ❤ and I got approved no problem. There is a light at the end of the tunnel. Lesson learned. Yall keep me updated...

[Retrogeeks2]

Awesome, so day 12 or business day 9 for you. Glad you didn't get denied either

[Tipton444]

Glad to hear it!  Congrats.  I'm still waiting... 😞 day 11.  If you just got it I must be getting the email today too then, if not tomorrow.  Lets hope!  Thanks for the update.