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FYI PayPal started a similar program last fall: https://www.paypal.com/webapps/workingcapital/ https://www.paypal.com/webapps/workingcapital/

• GregorStocks 12y ago
  Based on the examples given in the article and at https://www.paypal.com/webapps/workingcapital/success https://www.paypal.com/webapps/workingcapital/success, which are presumably the most favorable ones possible for both companies given the nature of PR, Paypal also charges less than half as much ($800 on a $20k loan for Paypal vs $1k on a $10k loan for Square). That might be misleading, though, because Paypal's case study doesn't mention the repayment period.
  • redorb 12y ago
    I got a call the other day offering the working capital / the offer terms were absolutely amazing. I think some of that though was because they knew from our account we most likely didn't need the money.. Paypal also matched our CC rate to get us to accept Paypal on the site. I warned them when I signed up 'I've heard the horror stories and any sign of that and we're done' .. been 2 years and still great
• jusben1369 12y ago
  Worth noting that https://www.kabbage.com/ https://www.kabbage.com/ is a startup focused on providing this as a stand alone service. They've raised good sums of money so seem to be doing well. Have a partnership with Stripe etc.
  • usaphp 12y ago
    I've received a 9K working capital from PayPal a year ago, repaid it already. Just saw your message and tried to apply at kabbage, added my PayPal account, business checking account and it still asks for more to qualify...
• kolev 12y ago
  Is Working Capital still working though?
• deleted 12y ago
  [deleted]