PayPal working capital not eligible
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PayPal Loans
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I sell vintage clothing and other antiques. I made about $35,000 last year and paid off the loan early. It's been 3 weeks now and I'm still applying every day.
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I'm so sorry to hear that. I hear if you try after every sale, sometimes that works. Fingers crossed for you. I know it **bleep** when you need the cash and get denied for a reason that doesn't seem to make sense
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Don't feel bad, it's not just you. Paypal is making a lot of us wait in between loans. Keep trying, it is like winning the lotto now. My sales are up, I paid off $18,500 in a little over 3 months. Denied every day for over 2 months. Just keep trying. I am moving some sales over to my square account, I do think they offer a similar program.
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@darthshader any luck with square? I left Square last summer because they weren't offering loans to anyone any more. I have since done around $100k in sales with Paypal, and still no loan approval. I apply almost every day.
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No luck at all with Paypal renewals. My sales are up, credit is even better. I apply several times a week. I have not moved to square, but just doing my best to live without the help.
I think Paypal has opted to not offer working capital help any more. It is not the cheapest way to borrow, but nice for the time I got it.
Don't count on their help. I know this is not the answer many are looking for, but a reality. I previously paid all of my loans early, and have been declined since October. Even with sales up. Calling them is no good, there is NO reason for their choices. Luck.
So try applying several different times? There is no explanation to their actions. Best of luck to all, stay busy!
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