Small business loans

Getting a small business loan from PayPal involves three steps: (1) Complete a short online application with no hard credit check to determine eligibility. (2) Select your loan amount ($5,000 to $200,000 for first-time borrowers or up to $300,000 for repeat borrowers) and term (17 to 52 weeks). (3) If approved, sign your contract and receive funds in your PayPal business account as soon as the next business day.

Checking your eligibility for a PayPal Business Loan does not affect your consumer credit score. No hard credit check is run during the initial application. A hard credit check, which may impact your consumer credit score, is only triggered if you accept an approved loan offer and proceed with funding.

PayPal Business Loan has weekly payments that are withdrawn from your business's bank account automatically. You provide account information and select your preferred payment day when you sign the loan contract. Automatic repayment will occur weekly on a day you choose. You won’t be able to adjust how often a payment is made.

Yes, you can make a one-time payment or even pay your loan in full using a valid business bank account. There is no early repayment fee. Simply log in to your PayPal Business Loan portal account and select the “One-Time Payment” tab from the top menu to set up your payment.

If your outstanding business loan balance is less than your scheduled one-time payment, your one-time payment will systematically adjust to ensure you do not overpay.

Consistent on-time payments will be reported and could help improve your business credit profile over time.

No. PayPal Business Loan is currently unavailable to businesses located in North Dakota and South Dakota. Please continue to check back to see if PayPal Business Loan becomes available in your state.

Approval for a PayPal Business Loan can happen in minutes after completing the online application. If approved, funds are deposited into your PayPal business account as soon as the next business day, significantly faster than traditional bank loans, which typically take several weeks or months to process.

To get a small business loan from PayPal, your business must meet the following minimum eligibility requirements:

• Annual revenue of at least $33,300

• Business must be at least 9 months old

• A PayPal business account is required

No collateral is required. A soft credit check is used to determine eligibility and a hard credit check is only performed if you accept a loan offer. Loan amounts range from $5,000 to $200,000 for first-time borrowers or up to $300,000 for repeat borrowers. Terms range from 17 to 52 weeks with fixed weekly payments automatically debited from your business bank account.