If you’re an active PayPal merchant, you might be able to qualify for a business loan through PayPal’s working capital program. And unlike loans from other lenders, your PayPal sales history matters more than your credit score. Sounds perfect, right?
Well, you know how they say if it sounds too good to be true, it probably is? That’s kind of true here. Yes, you can get financing based on your PayPal sales―but it will likely cost you more than other types of business loans would.
So should you get a PayPal Working Capital loan? We’re here to help you decide. We’ll tell you about the pros and cons of Paypal’s working capital, give you the details about its loan, and warn you about some important details.