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This innovative financing option from PayPal lets you benefit from a flexible repayment system that is repaid through your PayPal sales. Just apply for finance and then select the proportion of your sales that will be deducted automatically as your repayments. So, if you do well one month and have a slow month the next, the percentage you've selected as part of your repayment plan will remain the same but the monetary amount will be smaller. This is ideal for people who are self-employed and small online businesses, as income generally fluctuates from month to month.
You can borrow up to 25% of your PayPal sales over the past 12 months, with a maximum amount of $97,000. You then select a percentage of your future PayPal sales that will go towards the amount you've borrowed and the fixed fee. Automatic repayments then come out of each PayPal sale and will continue until your balance is paid off in full. There are no set loan terms, as you could potentially pay off the amount you've borrowed in two months depending on the amount you've borrowed and how successful your PayPal sales have been.
Once your application has been approved, you will receive the funds in less than one minute.
Features of this business loan include:
Some of the fees you need to be aware of are:
To apply for the loan, click on "Go to Site" and ensure you meet the following requirements:
PayPal will be able to see if you meet the eligibility criteria from looking at your sales. If eligible, once you select the amount you want to borrow as well as the percentage of sales that goes towards the final loan balance, you will have your funding in less than one minute.
A PayPal Working Capital Loan is an option for small businesses that need some capital to grow. However, consider other business loans before making a final decision.
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