You do not need to use PayPal’s POS service to get a loan from LoanBuilder. You do, however, need an account with PayPal Business.

LoanBuilder and PayPal Business Loan are two distinct financing options offered by PayPal, each catering to different business needs. LoanBuilder is a fixed-term loan that provides a lump sum of capital with a single fixed fee, making it ideal for businesses that need a predictable repayment schedule. Borrowers make weekly repayments, which are automatically deducted from their business bank account, providing a straightforward and transparent repayment process.nnOn the other hand, the PayPal Business Loan is more flexible and is tied directly to your PayPal sales. This type of loan offers sho

If LoanBuilder declines your application, you will receive an email explaining what prevented your approval within two days. You can then apply again in 30 days.nnA denial from LoanBuilder also doesn’t mean you’ll see the same result with another business lender. For instance, LoanBuilder may have declined your application after determining that your cash flow cannot withstand weekly payments.nnThankfully, plenty of other business lenders offer working capital loans with similar borrowing limits and requirements with different repayment frequencies. You could theoretically access the same borr