Already had one loan that I paid off early on April 9th. I had called and asked how long I had to wait before applying for the next. CSR told me that I did meet all criteria but to wait 3 days after it was paid off. I waited a week and reapplied, told to wait after first of the month when "things are updated". Today is the first and still getting the not eligible page. I'm confused! I sold more this past year than the year before. ANY idea why or if I have to wait (maybe) a month after paid off? Had I known I wasn't going to be able to reapply I wouldn't have paid off early.
I'm sorry to hear of the negative experience. You can apply for a new Working Capital loan after your final payment processes. This can take up to 5 business days, depending on how the payment was made.
Thanks,
PayPal_Tricia
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Yes, I was approved but the amount offered was less than before. I don't understand why, if my sales had increased and I paid off early. You'd think that people with a good pay-back history and more sales might be 'rewarded'. I'm on loan #3 right now and hoping to pay it off tomorrow and fingers crossed (again) it'll be a higher amount. It's really helped me with my small business though!
