Re: Paypal Working Capital
Not had time to read through all comments but just to let everyone know there are no credit checks involved. The loan they offer you goes off your paypal sales history in the past 12 months. Then the loan is paid off each order you make rather than a set monthly amount, you have the option before the loan to choose 10%, 15%, 20%, 30%. So for example I choose 15% so each sale i make 15% of the total of that sale is paid back to the loan. If one day you have no sales, there is nothing to pay. If you have lots of sales then you pay 15% on each sale made from that day. It's took from your paypal balance ant the end of each next working day. I borrowed £6000 on my 1st one and it was only £400 interest. But the profit i made from the extra £6000 of stock and more sales helped me out and paid it off faster and end of it im better off as stock levels are a lot higher. Last week I got another one they offered my £17,500 this time, after this one is paid off I should have enough stock to grow my business without the getting another. great idea by paypal to be honest but will work for some and not for others, you have to make sure you have a good profit margin mine is 25% so I could afford to pay 15% to the loan and manage on a 10% profit margin until it was paid off
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