Just to update on this thread... I had 2 successful applications (10K and 20K British Pounds). When finishing the payment of the second one I applied again and was rejected (as indicated in previous posts) code 640. I applied several times again after talking to Paypal and following the recommendation to go on applying. Nothing happened... always the same denial. Suddenly a few days ago when logging in Paypal I saw a banner on top indicating that I was pre-approved for Working Capital. I thought it was an ad, but gave a try and was offered 35K British Pounds (circa 50K $). Filled out the application and got the loan in few minutes. Lessons learned: i) My revenue is seasonal, and probably I was rejected due to a non continuos revenue; in the last few months sales were performed on a more continuos basis. ii) Last year I have several cases of people that were charged twice due to clicking two times or hitting back and trying again; in those cases I have always refund immediately; now, instead of refunding I wire the duplicated amount since I think refunds is not good in the working capital algorithm. iii) in the past I had some chargebacks and lost most of them; since in my cases chargebacks are always the buyers' fault, now I email the buyer and ask kindly to withdraw r¡the chargeback. These three issues are the only things that I think may have changed as compared to past situation when being denied. Or... O might be wrong and none of them has to do with the fact that I was now approved for a larger loan after giving up and without applying again in several moths. Just wanted to share this experience. All best. J.
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