Still getting denied 3-weeks later, luckily I was able to get a loan from a family member that will allow me to purchase inventory and grow. My denial letter for the 650 code stated that the approval was based on a points system and I did not have enough points based on the following: I am in a high-risk industry. (This has always been the case, and my industry is listed in the application field, not a huge deal). I have growth that is not consistent with my industry. (My sales have declined in the past year, as I focused on higher-margins rather than volume). My sales have fluctuated. (Also true) Basically, my hypothesis is that PayPal is much more likely to loan to you if you show growth in sales. This was my 7th loan, and I hope to get an 8th in the next few months by changing to a high-volume business model like I used to have.
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