LoanBuilder, A PayPal Service
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Fast, Easy, Hassle Free...
I’ve borrowed money with LoanBuilder by PayPal three times, and each experience has been excellent! The process is incredibly quick and easy. You provide three months of bank statements, get a pre-approval with only a soft credit pull, agree to the terms, and then a hard pull is done on your personal TransUnion only after acceptance. The loan is reported to Business Experian, which is a plus for building business credit. The interest rates may appear higher in the documents, but they’ve actually been lower in practice for me. On my first loan, the effective rate was 18%, but my next two loans had an effective rate of 12%. The funds are deposited directly into your PayPal account, and payments are automatically deducted weekly from your chosen bank account, making repayment straightforward and stress-free. While the rates might seem a bit high, the hassle-free process and quick funding (less than a week every time) make it well worth it. Highly recommend LoanBuilder for businesses looking for fast, reliable funding!