I would like to further update anyone in the same situation, firstly the working capital loan isn't always a sure thing it's like the old saying never out all your eggs in one basket. also another business approach would be you shouldn't be relying on a advance to make you business work you can do it without it takes time and money management but you will be better for it in the long run. on this occasion my company may lose out on this purchase but we will save £££ in fees and charges that can be invested in another area which is paypal's loss. we have only used this service to purchase large high ticket equipment but that was also at a cost fees and additional charges for the privilege of the loan. this was the answer i was given by paypal. Thank you for contacting PayPal regarding PayPal Working Capital. After careful consideration of your application for Paypal Working Capital, we’re unable to approve it at this time. Unfortunately I am unable to give you the exact reasons for the decline. Eligibility is based on your PayPal account information and sales history. It’s possible that you may become eligible in the future, so please check back regularly. couple things i would like to point out that i have noticed based on this code. we started to sell on ebay and ebay money management payments where but in the end where not taken off the loan. i think this could have affected the automatic decision as this was the only major change on the account we paid a large loan 20k plus in a short time which to any lender isn't what they want. as i have read that people who have good standing and are doing well in business get declined which i agree is unfair. covid 19 being a factor because iv not read one post that says iv been granted a loan in the last four months. its a shame as the capital would help growth and protect good companies i honestly believe working capital advances have been put on hold until the market stabilizes and its nothing against the good people that have paid back their loans in full early. need not fear there is other options available to merchants and at better rates to don't feel downhearted about this situation, if anyone is reading this and was planning to pay of their loan early to obtain another i wouldn't be so hasty in doing so as you could be declined going forward.
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