Small business loans

You must complete a 5-10 minute online questionnaire to determine your business’s eligibility. Your application may take longer to complete if your identity cannot be automatically verified.

Once the questionnaire is complete, estimated loan terms can be customized by adjusting the loan amount and duration to compare the costs of financing.

Once you select your desired terms and complete your application, if approved, you will be prompted to electronically sign a contract including bank instructions so that payments can be debited weekly from your business checking account.

If approved, funds are transferred as fast as the next business day (provided the application is approved by 5 PM ET on bank business days).

Answering questions and evaluating different estimated loan terms will not affect your consumer credit score. Accepting an approved loan offer will trigger credit checks and other public record checks, which may impact your consumer credit score.

Like most small business loans, PayPal Business Loan does require a personal guaranty.

Loan durations range from 17 to 52 weeks, depending on your eligibility and loan amount.

PayPal Business Loan has weekly payments that are withdrawn from your business's bank account automatically.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.

There is no upfront fee deducted from your loan proceeds. Instead, the single fixed fee (Total Loan Fee) is paid over the life of the loan.

Yes, you can make a one-time payment or even pay your loan in full using your business’s 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.

No, however you can make a manual one-time payment any time using a valid business bank account.

Yes. You can make one-time payments using your linked business bank account or you can add a new business bank account.

No. 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.

Payments scheduled will be processed on the scheduled date and will be posted to your account within 24-48 hours. Once posted, payments will be credited towards the business loan’s outstanding balance.

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.