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PayPal Business Financing Merchant Assistance and Minimum Loan Repayment

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Contributor

PayPal Business Financing Merchant Assistance and Minimum Loan Repayment

We took the PayPal Business Financing Merchant Assistance but now we are running behind on our loan repayment.  Is that suspended with the PayPal Business Financing Merchant Assistance?

2 REPLIES 2
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Esteemed Advisor

Re: PayPal Business Financing Merchant Assistance and Minimum Loan Repayment

@Contenta 

 

According to how the program works once you request enrollment and is approved, the PayPal Business Financing Merchant Assistance Program simply pauses all payments on your loan for 30 days at which point payments will recommence, "no repayments will be required for 30 days. There is no charge for enrolling in this program and your fixed fee will remain unchanged. Payments will automatically resume after 30 days." That's it.

 

Maybe apply for a SBA PPP Loan through PayPal:

https://www.paypal.com/us/smarthelp/article/how-do-i-apply-for-the-sba-paycheck-protection-program-(...

 

Or call the customer service number towards the bottom of this page for more info:

https://www.paypal.com/workingcapital/


Kudos & Solved are greatly appreciated. 🙂
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Contributor

Re: PayPal Business Financing Merchant Assistance and Minimum Loan Repayment

My question is do you still have to meet the minimum 90 day requirement?  That is not answered by their info on the program.