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Compare 8 business loans like PayPal Working Capital

The top alternative providers to PayPal Working Capital for business loans.

Short-term business loans with PayPal Working Capital are some of the fastest loans for PayPal-based e-commerce businesses. But it caps its no credit check loans at $200,000 for first-time borrowers, and it’s only for businesses that use PayPal to process their sales and have a PayPal business account history. If that doesn’t fit your needs, consider these alternatives instead.

8 loans like PayPal Working Capital

Alternative for comparing loans

Lendio business loans

9.6 Excellent

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Lendio is a business loan marketplace connecting over 75 lenders to business owners. Lendio's partners offer a much wider range of loans and financing options than PayPal Working Capital, including SBA and term loans, cash advances, equipment financing, flexible lines of credit and more.

Just fill out a single online form with your information, and it will connect you with multiple lenders. Depending on the loan type, some lenders may even work with credit scores as low as 580. But be prepared to receive a large number of marketing calls and emails afterward.

Loan amount$1,000 – $5,000,000
APRVaries by lender
Min. Credit Score580

Alternative for equipment financing

National Funding business loans

9.6 Excellent

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National Funding offers new and used equipment financing and leasing up to $150,000 through its network of lending partners. It funds up to 100% of the equipment cost with no down payment required, which means you can save your cash for other purposes.

It also guarantees you won't find a lower monthly lease payment elsewhere, or it pays $1,000 toward the equipment lease. National Funding advertises fast approvals and funding in as soon as 24 hours, with early payment discounts and excellent customer reviews.

Loan amount$5,000 – $500,000
APRUndisclosed
Min. Credit Score600

Alternative for invoice factoring

FundThrough Invoice Factoring and Financing

9 Excellent

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on Businessloans.com's secure site
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FundThrough offers no-doc invoice factoring with funding as fast as the next business day. It has no time in business requirements to qualify, and there is no impact on your credit. It's also one of the few factoring firms that advances up to 100% of your invoices.

You submit your invoices by uploading them into your FundThrough account or pulling them in from QuickBooks or OpenInvoice. But you need to invoice B2B or government agencies and have outstanding invoices of at least $100,000 in accounts receivables or invoices to one customer. Fees range from 2.75% to 8.25% of your invoices' value.

Loan amount$500 – $10,000,000
APRNot applicable
Min. Credit Score500

Alternative for lines of credit

Backd

8.8 Great

Backd offers lines of credit up to $750,000 to businesses that have been in business for at least one year with at least $100,000 in annual revenue. This limit is much higher than PayPal's maximum limit of $300,000 for repeat borrowers.

If you're approved with Backd, you can get funds as soon as one to two business days. With its lines of credit, you can pay back each draw with fixed monthly or weekly payments over 6 or 16 months. After you repay, the funds are available for you to draw from again.

Loan amount$10,000 – $2,000,000
APRCompetitive
Min. Credit Score600

Alternative for fast funding

OnDeck short-term loans

9.2 Excellent

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Unlike PayPal, OnDeck offers two types of loans: term loans and lines of credit (LOC). Depending on the state, its term loans and lines of credit can be funded as soon as the same day. But rates can run high, with an average term loan rate of 56.1% APR and an average rate of 55.9% APR for LOCs.

To qualify, your business must have been operating for at least one year with $100,000 in annual revenue. But you only need a minimum credit score of 625 to qualify, and there are no prepayment penalties on its term loans or draw fees on its line of credit (LOC), which can help you save.

Loan amount$5,000 – $250,000
APRAverage is 55.9% to 56.1%.
Min. Credit Score625

Alternative for SBA loans

SmartBiz business loans

9 Excellent

SBA term loans provide longer-term funding than PayPal, with repayment terms of up to 25 years and competitive rates. With SmartBiz, you can speed up the SBA application process by filling out a single form and getting matched with multiple banks and online lenders that offer SBA loans.

SBA loans through SmartBiz typically take just one month for funding, instead of the regular two- to three-month waiting period for SBA loans. Prequalification takes a few minutes, but the process isn't free: SmartBiz lending partners may charge a packaging fee of up to $2,500, plus closing costs.

Loan amount$50,000 – $500,000
APRPrime Rate, plus 2.75% to 4.75%
Min. Credit Score650

Alternative for merchant cash advances

Credibly business financing

7.6 Great

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Offering advances up to $600,000 and with a factor rate of 1.11, Credibly is one of the less expensive options out there for merchant cash advances. If you're approved, you can get funds as soon as the same day you apply and repay the advance from your future sales.

However, it has a $15,000 monthly minimum revenue requirement, which is much higher than PayPal's $15,000 annual requirement – but you're not restricted to advances based only on PayPal sales. Credibly comes highly rated by past customers and only requires a 500 credit score to qualify.

Loan amount$5,000 – $600,000
APRFactor rates start at 1.11
Min. Credit Score500

Alternative for startups

Finance Factory business loans

8.2 Great

Startup financing can be harder to find, but with Finance Factory, you can search multiple startup funding options through a single form. Entrepreneurs can find a range of loans and financing options between $5,000 and $350,000 that can be used to fund a new business.

While it's not a direct lender, it's transparent about its terms and rates, with APRs ranging between 0% (for up to 21 months) and 15%. But you may need good to excellent credit to qualify with Finance Factory, and funding can take a few weeks.

Loan amount$5,000 – $500,000
APR0% to 15%
Min. Credit Score700

How does PayPal Working Capital compare?

PayPal Working Capital is a business loan based on your PayPal business account history that you repay with a share of your PayPal sales. Eligibility requirements are much lower than with other types of loans. There’s no credit check, and you only need $15,000 in annual PayPal sales to qualify — or $20,000 with a Premier account.

Loan amounts are flexible, and can be as little as $1,000 or as high as $300,000 for repeat borrowers. Repayments come from your sales, and you choose how much of a percentage PayPal deducts. But rates can run high, and it’s only for PayPal customers, making it more limited than other types of business loans. Compare the best working capital loans to find the deal that fits your needs.

Pros

  • No credit check
  • Approval in minutes
  • Low minimum loan amount

Cons

  • Fees not disclosed
  • For PayPal business customers only
  • Non-PayPal revenue doesn’t count

Compare business loans

Enter your time in business, annual revenue and credit score ranges to unlock lenders you may qualify with. Then select Go to site to get started on your application. Alternatively, you can visit our review page by selecting More info.

Product Finder Score Min. Amount Max. Amount APR Requirements
Finder score
$5,000
$20,000,000
Varies by lender
Minimum credit score of 580, minimum annual revenue of $120,000, preferably one to two years in business
Compare lending options and get funded fast.
Finder score
$2,500
$5,000,000
Varies by lender
$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months
Get connected with short-term funding, SBA loans, lines of credit and more.
Finder score
$1,000
$5,000,000
Varies by lender
Operate business in US for 6 months or more, have a business bank account, minimum 580 personal credit score, at least $8,000 in monthly revenue.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Best Money
Best Money logo
Finder score
$5,000
$5,000,000
Varies by lender
Depends on the lender
Apply in minutes. Get funded fast.
Go to site
Businessloans.com Main Product  logo
Finder score
$5,000
$3,000,000
Varies by loan type and lender
Must have been in business between 1 to 2 years, have a minimum revenue of $75,000 to $250,000 and have a minimum credit score of 500 to 650.
Complete a three-minute form to see loans that fit your business’s needs. Compare offers without a hard credit check.
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What is the Finder Score?

The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.

Read the full Finder Score breakdown

Frequently asked questions/h3>

Does PayPal Working Capital affect my credit score?

No. Your eligibility is based on your PayPal sales history, not your personal or business credit scores.

Why am I not eligible for PayPal Working Capital?

If you haven’t had a PayPal Business or Premier account for at least 90 days and/or you don’t have at least $15,000 to $20,000 in annual sales entirely through PayPal, your loan application may be denied.

Can you have two PayPal Working Capital loans?

You can only have one PayPal loan at a time. After you pay it back, though, you can apply for a new loan, which is common.

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Writer

Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio

Kat's expertise
Kat has written 157 Finder guides across topics including:
  • Mortgages
  • Home equity loans
  • Mortgage refinancing
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