PayPal Community

It's a joke! They let you apply but deny you right away ... View more

Hi, I received a PPP loan through PayPal using my calculated 2020 taxes (which I have not filed yet). I just realized there was an error in the calculations which understated my gross revenues. I calculate that I would have been approved for an additional $13,000 in the PPP loan I received. Is there a way to have this reviewed and adjusted? Thanks ... View more

https://www.loanbuilder.com/lb/home has the phone # to loan builder and webank info is here https://www.webbank.com/our-brand-partners/paypal   ... View more

what can you upload for a business license ... View more

Hi @aprilbeads13 ,    I'm sorry you're experiencing difficulty. Can you please clarify what type of small biz loan you're trying to apply for?    If it is a PPP loan, please visit www.paypal.com/ppploan to get started.   Best regards,  Jamie ... View more

Hi @ginaceragioli ,    Please visit paypal.com/pppinfo to get started with PPP Loan Forgiveness.   Regards,  Jamie ... View more

Hi, I received a PPP loan through PayPal using my calculated 2020 taxes (which I have not filed yet). I just realized there was an error in the calculations which understated my gross revenues. I calculate that I would have been approved for an additional $13,000 in the PPP loan I received. Is there a way to have this reviewed and adjusted? Thanks ... View more

HI @tommyoneal ,    Yes, individuals who are self-employed or independent contractors may apply for the PPP loan. You will need to supply your 2019 1040-C and 1099-MISC. You can read more at: https://www.sba.gov/document/support--how-calculate-ppp-loan-amounts.   To apply for the PPP loan through PayPal, please visit www.paypal.com/ppploan.    Thanks,  Jamie ... View more

Hello @Pot2 ,   The SBA does allow for small businesses to apply for the PPP loan, provided that you claim the profits on taxes (1040-Schedule C). Please visit www.sba.gov/ppp for more information. I also find the 'how to calculate loan amounts' on that page helpful: https://www.sba.gov/document/support--how-calculate-ppp-loan-amounts.   To apply for the PPP loan through PayPal, please visit www.paypal.com/ppploan. Following your application, you will be asked to upload supporting documenation.   Good luck! Jamie ... View more

Hi @mjmelect - Please visit www.paypal.com/pppinfo for information on the PPP forgiveness process.  ... View more