Page 30 - Everything You Need To Know About Personal and Business Credit by Adrean Yancy

Everything You Need To Know About Personal & Business Credit

PayPal
PayPal o ers businesses two kinds of loans: PayPal working capital and PayPal
business loan. If you have ever used PayPal as a means of payment for your business,
then why not try funding your business through either one of these loans. Let's dive
into what each of these represents and how you can qualify to fund your business with
these PayPal loans.

PayPal Working Capital Loan
If you have been processing your business sale through PayPal and you need extra
cash for payroll, covering revenue de ciency, then PayPal working capital is for you.

With this loan, you can access 35% of your annual sale as a loan. This is because the
loan is usually based on 35% of your business sales. The loan is set at the $125,000
threshold for your rst two loans—the threshold increases to $200,000 afterward.

PayPal's working capital loan is a one-time xed and a ordable loan for businesses.

The repayment process is a bit exible such that it depends on the percentage used
during the application process for repayment, and this percentage could be between
10 to 30%. Also, PayPal will automate repayment from your account until you
complete the payment. You are required to pay certain percentages (5% to 10%)
every 90 days. Asides from the loan and the fee charged, PayPal does not charge its
customers for periodic monthly interest, late payments, penalty fees, or any other
extra charges that most lenders charge.

You should know that, unlike the traditional system that takes months, a PayPal
working capital loan will be approved, and your account will be funded some minutes

after your application.

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