“PayPal Loan”, A loan is an item or money that is to be paid back with interest. Does your business need funding fast for an emergency? Well, PayPal loans are for you. Get loans for your business, PayPal has come a long way in the online money transaction. Normally you use PayPal as a payment section now PayPal is helping sellers with the business by offering those loans.
Now there is a fast and simple way to fund your business with the PayPal loans the first step is to open a business account. There are two types of loans you can get through PayPal. The PayPal business loan and PayPal working capital. This is to help your business grow and the best part you do not have to remember monthly bills because there is a predictable weekly payment that will be made automatically from your bank account.
PayPal Business Loan
Your business needs quick cash and you do not qualify for a bank loan or you need funding for expansion like opening a new location or buying new equipment. Also, PayPal’s business loan is one of the PayPal loans. PayPal business loan has a fixed fee and weekly repayments but PayPal does a withdrawal from your bank account and not your PayPal account.
PayPal Business Features
The PayPal business loan has some amazing features such as:
- Fast access to cash. You can check your eligibility in minutes online or over the phone and complete application and if approved funds are transferred as fast as the next business day.
- Clear, competitive pricing. You pay one completely fixed fee that you know in advance, with no late fees no early repayment fees and no processing fee.
- Tailored terms. You choose the loan amount and term.
- Hassle-free repayment. You get predictable weekly repayments that will be automatically made from your bank account.
These are some of the features of PayPal business loans.
PayPal Working Capital
Now the PayPal working capital is best for the business that processes sales through PayPal and needs working capital for things like covering payroll and so on. Also, PayPal charges a fixed fee based on your sales volume, account history, the amount of your loan and the percentage of sales you chose to direct toward repayment. Approved loans are funded within minutes.
PayPal Working Capital Loan Features
PayPal’s working capital has some amazing features.
- Flexible payments. You can choose a share of your sales to automatically deduct as payments which make managing your cash flow is easier.
- One affordable fixed price. You do not have to worry about periodic interest or hidden fees. You just one affordable fixed fee and you will know when you apply
- No credit checks. Your loan is based on your PayPal sales and so no credit check is required and it does not affect your credit score.
- Funding in minutes. There is no time-consuming application or check of your financial history and your approved loans are funded in minutes.
These are some of the amazing features of the PayPal working loan.
PayPal Working Capital Criteria
To qualify you will need to meet some requirements of PayPal’s.
- You will need to own a PayPal business account.
- There is the least amount you need in your PayPal sales if you have a business account.
- If you have an existing PayPal working capital loan you will have to pay it off in full before applying for another loan.
These are some criteria you need to meet before you apply for the loan