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  PayPal Working Capital

PayPal Working Capital

in Merchant Cash Advance from PayPal Inc

Claimed

PayPal Working Capital

Claimed

in Merchant Cash Advance from PayPal Inc

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Highlights
Factor Rate N/A
Loan Amount Up to $125,000
Minimum Revenue $15,000
APR  (Fee or Charge Based Product) N/A

PayPal Working Capital Review

PayPal Working Capital is offered by PayPal Inc, founded in 1999 and based in San Jose, CA. PayPal Working Capital is available in 50 states (and Washington, DC).

PayPal Working Capital FAQ

Does PayPal Working Capital charge prepayment fees?

No, PayPal Working Capital does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the PayPal Working Capital off early.

What types of repayment method does PayPal Working Capital accept?

PayPal Working Capital accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

How often does PayPal Working Capital process payments?

PayPal Working Capital processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to PayPal Working Capital as payment for your cash advance until the full amount is paid.

Does PayPal Working Capital charge an origination fee?

No, PayPal Working Capital does not charge an origination fee. A origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

What is the minimum repayment amount required by PayPal Working Capital?

PayPal Working Capital requires a minimum payment of 5% of the total amount advanced from the merchant when the payment is due.

What is the estimated funding time for a merchant cash advance via PayPal Working Capital?

PayPal Working Capital can approve (or deny) a merchant cash advance application within 1 hour and fund your merchant cash advance within 0 business day of approval.

What are the business financing requirements for PayPal Working Capital?

To apply for PayPal Working Capital, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for PayPal Working Capital?

Applicants with a credit score of at least 560 and up to 850 may be eligible for PayPal Working Capital. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

PayPal Working Capital does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via PayPal Working Capital. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by PayPal Working Capital. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity

What limitations does PayPal Working Capital set on the purpose of the merchant cash advance?

PayPal Working Capital considers merchant cash advance applications for business purposes, such as:

  • Equipment purchase
  • Product or service expansion
  • Working capital
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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee
No Prepayment Fee
Origination Fee (%) Starting at 0%
No Late Fees
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 12
Minimum Revenue $15,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
Intended Use of Funds
  • Equipment Purchase
  • Product or Service Expansion
  • Working Capital
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 0 - 7 days
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding
Loan Amount Up to $125,000
Minimum Repayment Requirement 5%

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