I had a similar experience. I've been using paypal for 13 years and have paid of 5 Working Capital loans with a perfect track record. I tend to use the loan to bridge a dip in my annual sales (which have gone UP since COVID not down) and thought I'd qualify, no problem. Lo and behold, declined. I called and was told that the algorithm rejected me because my month-over-month sales were not high enough (despite being up significantly from 2019, when I received my last loan at this time). But, they said to keep reapplying because the algorithm might approve me, depending on the timing. So...I had an influx of payments this week and decided to try again. This time, I was declined because of my "industry" doesn't qualify. How is that possible? 5 loans and suddenly my industry is not covered. It's maddening. I've been faithful to PayPal in part because the WC loan structure worked so well for me. Now, nothing....
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