Can Paypal business accounts qualify as an active business bank account for the purpose of receiving the SBA business funding such as EIDL and PPP? if so, where can I locate the account and routing number necessary? I currently have a business debit card but rarely use my Paypal to receive funding but I am wanting to see if I can use this in lieu of opening a business account with a local bank. Please advise?
I was told there is no account or routing numbers for our business accounts. Customer service can’t even give me a number to wire funds. Idk how I’m going to ever get ppp help for my business now and I’m mad at myself for choosing PayPal to handle my business funds instead of a different financial institution.
