PayPal's Working Capital loans are among the easiest funds your business can qualify for, and it makes loans available faster than any other lender we've seen. However, while it is easy to get approved, you need to be a PayPal merchant to be eligible to apply in the first place. Your business must also be based in the United States. Additionally, you must not have any active bankruptcies. Customers can use a handy Online Configurator to adjust the term and loan amount to see how it will affect their weekly payment in real time before proceeding with the loan.
The LoanBuilder Configurator lets borrowers select the loan amount and term then displays an estimate of the weekly payment, total repayment and total interest charge. Applicants must fill out the online questionnaire and provide basic information about themselves and the business. Funds can be transferred as quickly as the next business day.