LoanBuilder is a business lender 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.
Ready to get started with LoanBuilder? Check eligibility.
Top LoanBuilder Alternatives
Repayment terms up to three years on funding up to $500,000
Traditional bank term loans available nationwide with low rates
Online term loans with repayment terms up to seven years
Bank term loans up to $200,000 with terms up to five years
Evaluating funding options with a free online lending marketplace
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.
Top Lender Pick From Fit Small Business
Best SBA Lenders: Top 100 SBA Lenders: With more than 3,000 SBA lenders nationwide, choosing the best SBA lender can be difficult. Some of the best SBA lenders approve average loan amounts of about $75,000 to more than $1.5 million, with interest rates averaging around 6.4% to more than 9.2%. In this guide, we’ll show you the 100 top SBA lenders per current SBA data, and review 10 of the top SBA lenders.
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.