LoanBuilder is a business loan service offered by PayPal that allows users to get short-term financing solutions quickly by customizing the terms. Also marketed as PayPal Business Loans, it offers transparent and competitive pricing with no hidden fees. In this article, we cover LoanBuilder reviews and pricing. Ready to get started? Check eligibility.
LoanBuilder pricing is based on a single fixed fee that can be found by using a Configurator on its website. Loan terms include loan amount (from $5,000 to $500,000) and loan term (13 weeks to 52 weeks). The single fixed fee ranges from 2.9% to 18.72%.
In addition to the single fixed fee, LoanBuilder charges $20 whenever a payment is returned.
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Top Lenders 2019
Summary of Positive LoanBuilder Reviews
Users who gave positive LoanBuilder reviews said that the application, approval, and funding process is quick and streamlined. They also commended its representatives for being professional, competent, and able to provide efficient assistance to loan applicants.
One user who gave a positive LoanBuilder review on Trustpilot said that he is pleased with the whole process of getting a loan for his company. He added that the whole process was straightforward, easy, and was completed in less than 24 hours.
Summary of Negative LoanBuilder Reviews
As of the date this article was written (May 17, 2019), there are no up-to-date negative LoanBuilder reviews online. If you are a past or current LoanBuilder customer, leave a review to help other business owners who are deciding whether or not to use the company.
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Check out the list below of some of LoanBuilder’s features:
- LoanBuilder Configurator
- Clear competitive pricing
- Fast funding
- Personal information security
- Direct line to business checking accounts
- Customer financing
- And more
How can I get the proceeds of my loan?
Once approved, the amount loaned will be transferred by the lender directly to your bank account. Funding can be processed as soon as the next business day.
Can I pay off a loan before it becomes due?
Yes. A loan can be paid off at any time. However, the fees are still determined by the original terms of the loan.