While being grateful 'they' want to help 'us' with money due to the associated challenges the COVID-19 event might and/or could deliver to someone, I think it is however not a good idea to borrow right now, even if this seems to be a nice gesture, the offer, and so on. Well, if it was a loan you don't have to pay back, that would be different. Getting into 'more' debt at times like this, regardless of how nice it is for PayPal to offer, is a BAD IDEA. We are otherwise seriously going from 'bad' to 'really bad', very bad, worse. But what gets me a bit is the offer for anyone, to borrow,... while they are making still money. Of course "you have got to make money", right? But in guise of a Crisis? I think, if a offer was sincere, offer a free loan, interest fee. Fees waived... i don't know what that means. I looked at my PayPal loan offer of $11,500, and the payback sum in 3 to 5 months depending on sales was over $14,000. I 'gratefully' decline such an offer... from bad to worse. I understand, it's a challenge for everyone out there, and PayPal takes a huge risk to lend out unsecured funds at times like this when you really don't know what sales will look like in 3 to 5 months. They are basing their qualification criteria on your past year's sales.... A year ago I was offered over $40K. Sales have not declined since then. So I guess risk assessment has looked at that. I hope PayPal won't lose to much money. I hope, and I wish, that the community is careful with borrowing money. But it looks like I am too late with my suggestion. The loan crash is on it's way. Just wanted to get this off my chest, this late at night. Best Wishes, yours truly, The AlternaTom
