PayPal provides access to over 1.4 million
loans and cash advances to more than 420,000 business accounts
globally through its merchant lending solutions
SAN
JOSE, Calif., March 26,
2025 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ:
PYPL) today announced it has passed $30
billion in global loan originations* and has extended more
than 1.4 million loans and cash advances to more than 420,000
business accounts globally since 2013, filling a critical gap for
small businesses looking for capital to maintain a healthy cashflow
and grow.
Small businesses play a critical role in the global economy and
within local communities. They are job creators, community
builders, drivers of innovation and opportunity. Small businesses
account for more than 43% of the U.S. GDP and nearly 40% of private
sector payroll. Despite these contributions, access to capital
continues to be a critical challenge for SMBs. Currently, more than
three quarters of small businesses are concerned about access
to capital as they try to maintain or grow their businesses.
To help fuel small business growth and prosperity, PayPal offers
financing solutions including PayPal Business Loan in the U.S.
and PayPal Working Capital in the US, UK, Germany, France, Australia and the
Netherlands. PayPal Business Loans, launched in 2017, are
term loans with fixed repayments and not exclusively for businesses
that use PayPal to process payments, while PayPal Working Capital,
launched in 2013, is repaid as a percentage of a business's PayPal
sales. Small businesses leverage PayPal Working Capital or PayPal
Business Loan to help stock up on inventory, hire new employees,
make payroll, invest in their businesses and scale.
"Access to capital is consistently one of the top challenges
small businesses face as they look to maintain and scale their
businesses," shared Michelle Gill,
EVP and GM of SMB and Financial Services at PayPal. "Traditional
business loans are not only difficult to secure for small
businesses, but the application process can be challenging and
prohibitively time consuming. PayPal's financing solutions have a
streamlined online application process with no lengthy paperwork or
extensive credit checks, and approved PayPal loans are funded
within minutes. We launched PayPal Working Capital and PayPal
Business Loan to serve this important need, and to provide a quick
and responsible way to inject much needed capital to help fuel
small business growth."
Small businesses have seen tremendous value in PayPal Working
Capital and PayPal Business Loan, as both offerings continue to
receive remarkable feedback from customers. Additionally, both
offerings have achieved Net Promoter Scores of 76 and 85
respectively and our customers renew loans or access our offerings
on a repeat basis more than 90% of the time. Businesses also
experience an increase in their total PayPal payment volume by 36%
after adopting PayPal Working Capital and 16% after taking a PayPal
Business Loan.
"One of the key challenges I've faced as an entrepreneur who is
a woman of color is securing access to capital,"
shared D'Shawn Russell, Founder and CEO of Southern Elegance
Candle Co., a specialty candle business based in Raeford, North Carolina. "Too often, small
business owners get turned down from traditional banks, so being
able to get access to funding through PayPal Working Capital has
really been an integral part of growing my business. When I took
out my first PayPal Working Capital loan, I was making $100,000 in sales. I've since benefited from
several working capital loans, which have helped my business grow
into a multi-million-dollar business."
*The lender for PayPal Business Loan and PayPal Working
Capital in the United States is
WebBank. PayPal Working Capital and PayPal Business Loan are
currently unavailable to businesses located in certain
states.
About PayPal
PayPal has been revolutionizing commerce
globally for more than 25 years. Creating innovative experiences
that make moving money, selling, and shopping simple, personalized,
and secure, PayPal empowers consumers and businesses in
approximately 200 markets to join and thrive in the global economy.
For more information, visit https://www.paypal.com,
https://about.pypl.com/ and
https://investor.pypl.com/.
Contact: Media Relations, mediarelations@paypal.com
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SOURCE PayPal Holdings, Inc.
