Coding With Fun
Home Docker Django Node.js Articles Python pip guide FAQ Policy

Is the company called paypal loanbuilder owned by paypal?


Asked by Dream Hinton on Dec 09, 2021 FAQ



It’s owned by PayPal, so it’s often called PayPal LoanBuilder―but don’t confuse it with PayPal Working Capital, which is a completely different thing. You may also see LoanBuilder called Swift Financial, its name before PayPal purchased the company.
Indeed,
LoanBuilder, A PayPal Service is a small business loan serviced by Swift Financial, which was acquired by PayPal in 2017. The goal of LoanBuilder is to provide a customizable business loan to small and mid-sized businesses.
Thereof, LoanBuilder was the previous name for PayPal’s business loan product. This is one of two business financing services offered by PayPal. The other is PayPal Working Capital, which works like a merchant cash advance. PayPal Business Loans, on the other hand, works more like a traditional business term loan.
Next,
LoanBuilder, A PayPal Service is a small business loan serviced by Swift Financial, which was acquired by PayPal in 2017. The goal of LoanBuilder is to provide a customizable business loan to small and mid-sized businesses. LoanBuilder offers eligible businesses $5,000 to $500,000 and can fund borrowers in as fast as the next business day.
And,
Loans made by WebBank, Member FDIC. LoanBuilder, A PayPal Service accepts automatic weekly payment for the duration of your loan's term. Longer terms will equal smaller installments but ultimately higher total cost of loan. Eligible businesses can get loans from $5,000 up to $500,000 with loan terms of 13 to 52 weeks (depending on loan amount).