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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).