Working Capital State Restrictions?

[jtlessons]

Hi, I just completed my 7th Paypal Working Capital Loan ahead of schedule meeting all payback requirements.

There was a message sent saying that I can't apply for another loan because Working Capital is not supported in my territory...WTF?!

I am in California

Sorry, your business is not eligible to apply right now.

PayPal Working Capital is currently unavailable to businesses located in your state or territory.

[davoaxoim]

Did you change over to Zettle? If so then you and everyone that has are no longer able to get PPWC loans. The reason is that the algorithm that approves PPWC loans doesn't see Zettle transactions as PayPal Transactions. Thus it doesn't count them towards eligibility.

They have known about this issue for almost 2 years now and have not corrected the issue or given a target date of when it will be fixed.

[dxhs2000]

i wouldnt believe that if i was you. they are most likely doing away with working capital and wont say i outright because they know a lot of people will switch to another merchant service that does. id recommend looking elsewhere

[PayPal_JonK]

Hello @dxhs2000 and everyone,

Welcome! Thanks for visiting PayPal's Community Forum! I'm sorry to hear there's been some confusion regarding where our Working Capital is made available. PayPal is required to follow all local state and federal laws and financial regulations to operate as we do. With that in mind, there are certain financial regulations at a state level that do not allow certain financial products. PayPal's Working Capital is one of those products, and currently Nevada, North Dakota, and South Dakota are those states that do not allow them. 

My apologies for any inconvenience this may cause, 

 - Jon K

[dxhs2000]

and whats the excuse for me in new jersey? tell it how it is and stop hiding the truth your company knows if they announced the truth about working capital and stopped giving that BS zettle response that you would lose every small business that currently uses you as a merchant.