cancel
Showing results for 
Search instead for 
Did you mean: 

working capital code DLGJ0906

Options
MasterpieceAV
Contributor
I'm going on 10months applying everyday, so don't feel bad. Just **bleep** me.off cause now I'm back in my slow months so sales will decrease again even though I did 10k plus every month since August and they still wouldn't approve me so now my sales dipped again so no way I'll get approved still s&-t is such garbage.

working capital code DLGJ0906

Options
Kato719
Contributor
So just an update 10 months go by,denied everyday, and we make 22k a month here. So somethings up. Even when you call they can’t figure out why.

working capital code DLGJ0906

Options
darthshader
Contributor

6 loans paid off early. Sales were up last year, and continue to go up. Process over 120,000 yearly, and am at 5 weeks declining with this code. Have even brought my credit score up in the time since starting, not understanding at all why I am now getting rejected.

In my opinion, I think they are just cutting back on funding for PPWC. They are granting PPP loans, which gets them a nice little chunk from the SBA.

Just a guess/opinion. Hang in there, everyone! Hope we can all get past this!

working capital code DLGJ0906

Options
Okrib
Contributor

You might want to try again. We're UK based and got this error codes (and others) from May onwards last year.

 

2020 we took in £2.25m through PayPal and this year it's on track to be approx £6.5m but they would not offer us anything in the second half of last year. I think they just turned it off. They only offered us £30,000 in Jan, then £60,000 in Feb and now £110,000 so the taps are starting to be turned back on I think.

working capital code DLGJ0906

Options
HRHughes69
Contributor
I have had three loans , and paid each one back EARLY !!! Then I was denied . What is the matter with these folks ?
Does anyone ever read this **bleep** !
They have a problem and if the do not address it , the good and loyal customers will go somewhere else .

working capital code DLGJ0906

Options
UtahDiy
Contributor
I am beyond frustrated with this code. I've had six loans with them paid every one of them back in half the time including one that I got the beginning of March and they have never loaned me again. I have no idea why I am four times what they require they say for income but it's like if you're not running it through an ebay account or Amazon account they are not looking at your revenue and they're treating you like crap

working capital code DLGJ0906

Options
darthshader
Contributor
After being turned down for the last 4 months, I was finally approved. If you haven't applied lately, try now! Good luck, hang in there.

working capital code DLGJ0906

Options
SRTWY
Contributor

Yea, I'm starting to see a few people get approved for what are usually laughably small amounts, but I guess it's something.

 

Personally, we're still being denied daily....going on two months now.  Absolutely zero reason for it; no changes to our business or information, no changes to our sales patterns (slow and steady increase over the last year but nothing beyond that), no unusual spikes or dips, no holds/chargebacks/disputes whatsoever. We're an extremely dependable and stable business; we had one down month in March of 2020 (well over a year ago) during a fairly short-lived COVID shutdown here, and then last November was a little down as well...but that's it.

 

Incredibly frustrating.  Not that they owe it to us by any means, but the lack of transparency is what's really annoying (and frankly a terrible way of doing business).

working capital code DLGJ0906

Options
DJamesau
Member

I can see many many people asking what the code DLGJ0906 means..... no one seems to have the answer.

Been with PayPal for my biz for almost a decade and work with PayPal every day, they provide a great service and they are great to work with.

Working Capital is a fantastic service when it works but I agree with everyone, their algorithm needs work. it seems that previous performance with loans has no bearing or influence/help in getting additional loans. For the last 7-8 years I have seen $100k+ Revenue and even when covid hit hard, my revenue remained steady. The first loan I was offered $25k but seeing I was new to WC and I value and respect my relationship with PayPal I was cautious and only took 11k. when I saw the 90 day minimum payment and that I was paying it back at 5x the minimum payment, I realized I should have taken the full 25k.

Since then, I have had 3 loans a total of $29k and my last $7k loan in Feb 2021 was almost paid in full within the first 90 days. 

Since paying the loan in full, June 2021, I have been applying every day for a month and still, no new loan, just the code. DLGJ0906 Does anyone out there know what that code or what any of the codes mean?  Been with PayPal almost 10 years,8 years of 100k+ revenue, 3 successful loans total $29k all paid back super fast. Strong sales despite covid and yet.. I am still denied with code.DLGJ0906

 

Is there any use calling WC, can they help you get the loan??

Despite being able to handle 10 times more clients, in the last 8 years I have had a strong 100k+ yearly revenue but I haven't been able to grow much beyond that, I have a number of opportunities right now that could see me double or triple my sales, I just need the WC loan to take advantage of these opportunities.  any advice on how often to apply, daily? if calling WC could help? I love, respect and value my PayPal relationship, Working Capital is such a great service, if only they could start re-issuing loans straight away to existing long-term clients. that already has a great loan record..

 

Wish You All Good Luck Applying - Crossing my fingers that I get approved soon

working capital code DLGJ0906

Options
Kato719
Contributor
Here I’m going to solve this for everyone. Calling will do you no good. This code is basically a covid code. They stopped lending for a long time. I applied everyday for months,like almost a year and got the same code. Finally one day I got approved again. This after 5 loans. Well they’ll start you over to your first loan amount again no matter what your annual is. Our loans were up to 60k at a time before and after they started lending again we started back at 20k even with sales increased. I applied 2 times a day and just one afternoon bam it went through. So one day it will almost took me a year exactly. Now I’m 2 months into the new loan. Hope this helps.

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.