Is LoanBuilder part of PayPal?
LoanBuilder is a loan service offered by PayPal, a well-known online payment processor. It's a direct lender.
Does PayPal let you borrow money?
PayPal Working Capital is a business loan with one affordable, fixed fee. You repay the loan and fee with a percentage of your PayPal sales (minimum payment required every 90 days). ... If approved, receive the funds in your PayPal account within minutes.
How do I contact PayPal with LoanBuilder?
For questions about your PayPal Working Capital account please call 877-981-2163, or for questions about your PayPal Business Loan or Loan Builder account please call 1-888-221-1161. If you are interested in applying for a loan, click below.
How do I find my SBA PPP loan number PayPal?
The lender loan number should be on the completed loan agreement you received via DocuSign and can also be viewed in the portal, by logging into my.loanbuilder.com. For more information on forgiveness, please visit www.paypal.com/pppinfo.
Is LoanBuilder PPP legit?
LoanBuilder only offers short-term loans between 13 – 52 weeks. It is designed solely for businesses that need working capital quickly to get things moving, and it is not a long-term funding option. Aside from this, LoanBuilder is a very reputable lender with outstanding ratings.
Does LoanBuilder report to credit bureaus?
Lastly, LoanBuilder does not report your payments to personal credit bureaus. Though some business lenders do prioritize business credit, most of them place more emphasis on personal credit.
Is PayPal accepting PPP forgiveness applications?
If you received your PPP loan through PayPal, we are now accepting and processing loan forgiveness applications for loans funded in 2020.