The application process takes longer if you don't process payments with PayPal, since you must submit sales information, according to Gallo. PayPal withdraws repayments from your business's bank account instead of a PayPal account. It's repaid over 13 to 52 weeks, depending on the loan size. You won't save on fees if you make additional payments on either loan since PayPal charges a fixed loan fee. That means a borrower with $100,000 in annual PayPal sales may qualify for up to $35,000.
PayPal Working Capital is a business financing offering by PayPal Inc, based in San Jose, CA. Founded in 1999, PayPal Inc offers access to business loans in 50 states (and Washington, DC). PayPal only charges a single fee on top of the principal balance that needs to be repaid. Borrowers choose the amount they'd like to loan out as well as the single interest fixed fee they pay.