PayPal Working Capital has lent over £690m to 60k SMEs

By Dan Wilson January 11, 2016 - 8:17 am

PayPal’s lending scheme, PayPal Working Captial, for SME users has reported a milestone. Since it launched in 2013, initially in the US, it has now lent £690m to 60k SMEs across the globe and it seems that demand is growing. PayPal reports that more more than three times as many firms have applied in the past year.

International growth for the scheme seems to be the way forward with many Brits taking advantage of the swift decisions and increasing credit limits.

Norah Coelho of PayPal Working Capital says: “It launched in the UK about a year after it was developed in the US and grew tremendously fast. The size of the portfolio now exceeds £690 million, about 15 per cent of which is outside the US. It is still early days in the UK. Fourteen months ago firms could borrow up to £20,000, now it’s £50,000.”

Anecdotally, we’ve only heard good things about PayPal lending with those sellers we’ve spoken to noting the quick decisions, good customer support and terms as the best aspects of the scheme.

Have you taken a loan from PayPal for your business?

  • David
    1 year ago

    3 times we’ve used Paypal Working capital and to be honest it’s very handy and better value when compared with other similar available solutions.

    • Andrew
      1 year ago

      Had a 30k loan, paid off early, had a 50k loan paid off early, applied for a 3rd loan and got turned down. Seems many people have had this problem!

Tamebay Guide

Welcome to our Tamebay Guide. Companies listed in the directory represent the leading suppliers in the UK and Europe.
PayPal Working Capital is a merchant cash advance linked directly to

Recent Comments

16 mins ago
Whirly: I'll grab there attention early doors and send them a link to this article....
7 hours ago
Robin Miller: Even when they have paid, requesting contact information doesn't work. Hasn't for us for a...
7 hours ago
Robin Miller: Hi Dotty, I spoke to Business Link on this issue, and whilst they were clear that...
7 hours ago
Dan Wilson: Feel for you. Not good. It's interesting that Concierge are involved here because they should...
8 hours ago
Whirly: Dan, thanks for highlighting this, I'm encouraged that the press team at eBay have attempted...