When will Working Capital Loans be eligible for businesses in the state of Virginia again?

mwillis123
New Community Member

I've been successfully receiving PayPal Working Capital loans for 3 years now. I just paid off my most recent loan in order to apply for another .. however, PayPal is now stating that these loans are not eligible for businesses in Virginia. Of course this would have been awesome to know before I paid off my loan, but oh well. I called in and was told that apparently Virginia has a passed a law requiring company's to disclose certain information on their website and PayPal hasn't done so. If anyone has any insight on when this will be fixed or if it can be fixed, that'd be awesome. My business really needed that loan.  

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11 REPLIES 11

Parksidemanor55
Contributor
Contributor
I have moved beyond PayPal and as of 1/2023 started processing debit/credit with Square. They offer a similar product as the WC loans. I’ve had enough of the problems with PayPal.
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wcuser
Contributor
Contributor

Square does look interesting, thanks for pointing it out.

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