[SproutBird]

Does anyone know any direct lenders that can work with paypal business statements?

[Chambo]

Kabbage?

[dailyPLUNDR]

Does paypal not offer their own MCA product? Could be mistaken

[Sean Cash]

Does paypal not offer their own MCA product? Could be mistaken

of course they do. it's called Paypal Working Capital. They're a huge MCA player: https://www.paypal.com/us/webapps/workingcapital/

[MCA]

I cannot believe how much Paypal promotes "loan" on their MCA product. It's is on every web page.

You would think with no ACH product that it would be a true MCA % of future receivables product and they would want to point out it is not a loan every chance they get?

[CreditGuy]

Working with the statements should be easy enough for any lender in term of verifying revenues. The issue most lenders have is that you can't debit a PayPal account or split processing, PayPal is ****ty about freezing funds in accounts, and the funds have to be manually transferred to an actual checking account. The latter is the biggest sticking point for most, I imagine. If all their funds flow through PayPal, it is very easy for them to stop transfers into the account being debited.

[Sean Cash]

I cannot believe how much Paypal promotes "loan" on their MCA product. It's is on every web page.

You would think with no ACH product that it would be a true MCA % of future receivables product and they would want to point out it is not a loan every chance they get?

I just realized why. They use a chartered bank to issue the loans. It's not a purchase transaction.

Square's product however is a true purchase of future receivables.

[ADiamond]

i would definitly check out www.lendvo.com they specialize in web based businesses

[Sean Cash]

i would definitly check out www.lendvo.com they specialize in web based businesses

true. them too. They sent me a t-shirt that I wear to bed all the time.

[Michael I]

i would definitly check out www.lendvo.com they specialize in web based businesses

great people . complicated process

[Sean Cash]

great people . complicated process

From what I recall, the domain name is used as collateral and therefore has to be held in escrow while the loan is outstanding. So if you default, they take your website.