PayPal Business Loan Online Access :
PayPal invites its business customers to apply for a small business loan online and get access to funds fast and easily if approved. It is a fixed-term business loan based on a full picture of your business. The customer will repay the loan automatically with a predictable weekly payment from their business checking account. PayPal Business Loan helps build the borrowers’ own business with its straightforward and simple financing, tailored terms, and hassle-free repayment.
Check Eligibility & Apply for PayPal Business Loan :
Before applying for a small PayPal Business Loan, first, you need to determine your business eligibility. For that, you will need to fill out a short online form. Completing the questionnaire will assess your business eligibility and show you estimated offers. And exploring a PayPal Business Loan would not affect your credit score. To begin the process to check if you qualify for this loan, you can
- Visit PayPal Small Business Loan webpage, www.PayPal.com/bizloan1
- Click on the blue “Check Eligibility” button you can find on the left-hand side of the screen.
- Now you have two options to check your eligibility. First, you can log in and continue with your PayPal account.
- Or, you can continue as a guest. In that case, you have to enter some of your basic information including your business name, first name, last name, phone number, and type.
- Then, you have to provide your email address and choose the Primary Loan Purpose.
- Select how you heard about this PayPal Business Loan from the drop-down list.
- Check the box stating that you agree to the terms and conditions and privacy policy.
- Click “Continue” to answer the rest of the questions.
- Once you are done, estimated PayPal Business Loan terms can be customized by adjusting the loan amount and duration to compare the financing costs.
- Select your desired term and complete the application.
If you are approved, you will be directed to electronically sign a contract sent to you by email. It also contains bank instructions for your payments to be debited weekly from your business checking account.
The lender directly transfers your funds into your PayPal business account as fast as the next business day if your application is approved by 5 pm EST.
PayPal Business Account Sign Up :
To get a PayPal Business Loan, you must have a PayPal Business Account as the loan is exclusively available for PayPal Business customers. If you are not an existing PayPal business consumer, you can sign up and open your PayPal Business Account online for free. It is an easy process that you can start in the following way.
- Visit the same PayPal Business Loan Online page, www.PayPal.com/bizloan1
- Click the “Sign up for free today” link under ‘Don’t have a PayPal Business account?’ on the left-hand side. It is just below the ‘Check Eligibility’ button.
- Enter the Email Address you will use to sign up and log in to your PayPal Business account online and click the “Continue” button.
- Create a password containing at least 8 characters including at least 1 number or symbol. Use both uppercase and lowercase letters and avoid using something easy to guess.
- Click “Continue” to proceed.
- Provide some information about your business like legal given name and surname, organization’s legal name, business phone number, and address.
- Select the checkbox to agree to the E-communication delivery process, user agreement, and privacy statement.
- Once you finish all the steps, click on the “Agree and Create Account” button.
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Important Information about PayPal Business Loan :
- Checking eligibility for PayPal Business Loan does not impact your credit score. But after submitting your loan application, credit checks and other public records checks will be performed that might affect your credit score.
- WebBank, Member FDIC, is the lender of PayPal Business Loan, serviced by Swift Financial, LLC, a subsidiary of PayPal Inc. And PayPal Business Loan application is powered by LoanBuilder, a PayPal Service.
- PayPal Business Loan requires a personal guarantee.
- PayPal Business Loan Repayment will occur weekly and be withdrawn from your business account automatically.
- You can choose your preferred payment day of the week but cannot be able to adjust how often you make the payment.
- You can pay off your PayPal Business Loan early or at any time. Though the full fee based on the original term of your loan is applied and due at the time of payoff.
Contact Information
PayPal Business Funding Expert Service Number: 1-800-941-5614
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