PayPal Working Capital is a lender that offers short-term loans to small businesses that receive payments through PayPal. Its loans have fixed fees, flexible payments, and more. In this article, we cover PayPal Working Capital reviews and pricing. Ready to get started? Visit its website.
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PayPal Working Capital Pricing
PayPal Working Capital pricing depends on the desired loan amount, repayment percentage, the one-time fixed fee, and the annual PayPal sales. The maximum loan amount is up to 35% of the borrowers’ annual PayPal sales provided that it wouldn’t exceed $125,000 for first-time borrowers.
A higher repayment percentage lowers the fixed fee and vice versa. For periods without sales, a minimum payment of 5% or 10% of the loan is required every 90 days. Manual and advanced full payments can also be done without an early repayment fee.
Ready to get started with PayPal Working Capital? Visit its website.
Top PayPal Working Capital Alternatives
Same-day funding on a short-term loan up to $250,000
Low credit borrowers needing short-term funding up to $500,000
Flexible short-term loan up to $500,000 with terms from 13 to 52 weeks
Revolving credit up to $100,000 with easy to meet qualifications
Comparing short-term funding options on a free marketplace
Summary of Positive PayPal Working Capital Reviews
As of February 2019, there are not many positive PayPal Working Capital Reviews online. However, some users said that its pay-as-you-get-paid system assures that they would profit from the loan.
Summary of Negative PayPal Working Capital Reviews
Users who gave PayPal Working Capital a negative review said that it became difficult to apply for succeeding loans even after completing the payment for the first one.
One user who gave PayPal Working Capital a negative review on SuperMoney said that he encountered an error with the system while applying for a fourth loan. He also added that the customer support team could not help him with that problem.
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PayPal Working Capital Features
Check out the list below of some of PayPal Working Capital’s features:
- Fixed fee
- Flexible payments
- No credit checks
- Fast loan approvals
- Sample fee calculator
PayPal Working Capital FAQs
How Can Interested Borrowers Be Eligible for a PayPal Working Capital Loan?
To be eligible for a PayPal Working Capital loan, interested borrowers must be PayPal Business or Premier account holders for more than three months. Premier account holders must have annual PayPal sales of $20,000 to $20 million, and Business account holders must have $15,000 to $20 million.
Can PayPal Working Capital Clients Get More Than One Loan at a Time?
PayPal Working Capital users can only be issued one loan at a time. However, they can apply again three business days after paying off a previous loan.