I have had 4-5 loans varying from $2500 to $1500 but have always been paid off quickly and on time. I paid my last loan off in March and have been trying ever since and keep getting this code. It’s very unfortunate that you can work so hard and have such a good rapport with the loan payoffs etc and be penalized next time you want one. Poor business practice if you ask me. I guess I keep trying daily. I’ve had consistent sales each day but was told I have inconsistent up and down sales and that’s why getting denied
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September 1 I paid off my loan early. It was paid in full. I have had 3 loans and paid them all on time and off early. I have tried all month to get another loan and talked to customer service and no luck. I am so frustrated with this program. So much for being rewarded for being a trusty paypal working capital borrower. Still this morning, denied. Says Code: due to fluctuation of sales
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I'd gladly pay any of that if I could get Working Capital to even allow me a loan again at this point. It's my third loan payoff and everytime now I go to reapply for a new one...its been a month...it keeps saying denied due to fluctuation of sales. Any tips on approval? I have always paid on time, paid off early and had 3 loans.
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I am on loan #3 paid off and I was going for a 4th when I paid off early my working capital loan. The loan was paid off September 1 and I waited 3 days and have called customer service and just keep being told to reapply and its fluctuation of sales. This is ridiculous. You should not get penalized for paying off early nor if you pay off multiple loans. You'd think they would extend a loan to you more due to your great payoff history. I am really disappointed and frustrated. It has been exactly a month of applying each day now.
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I paid off my second loan which was more early and thought I could apply 3 days later for a third loan but now for the past 5 days I keep getting code 656. I was told keep reapplying and I have been and no luck so discouraging when you have stellar sales and paid off the loans quickly etc and get denied repeatedly any advice anyone get approved? Is anyone getting approved these days?
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Thank you all first and foremost for reading my message.
I have had 2 working capital loans paid off. This last one I paid off on Friday of last week. I paid it off early and was anticipating I would be able to get another one in 3 days to buy my summer inventory. I have called Paypal 2x and they stated to keep reapplying. They said it was due to fluctuating sales being up and then slower and then up again. I always thought they focused on 30% of the annual sales so I do not understand why this is holding me up supposedly. I think it is really unfair for us businesses who pay these loans off quickly and with no trouble to be punished when we reapply and denied. This is really going to hurt my store. I would appreciate any help or feedback anyone could share. Thank you.
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