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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!
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.
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).
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