yep - insufficient credit history - it seems that Paypal has decided that my personal credit should be pulled against a loan guaranteed by the SBA and requires no collateral or personal guarantee for my business that has been open since 2005 and has excellent credit. I don't have a negative credit history - I just don't use credit in my personal life having finally recovered from identity theft on three separate occasions due to breached systems at Mellon Bank of NY, Equifax and Yahoo. So, by denying my business the money it needed to pay the people working, they will have to go on unemployment - me too most likely if this continues to be a giant joke and just another get richer scheme designed for the big fish to profit from . I should have known Paypal would be incompetent and greedy desiring the 1% fee from the largest possible loans granted. I am filing a complaint with the SBA and asking for an investigation into Paypal's loans that have been granted in the second round of funding. I alone probably can't accomplish much, but if others do the same who knows... maybe seven or eight years down the road I can add another $33 check to my collection from previous class action lawsuits against Paypal.
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