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✅ Fact-checked and reviewed
NerdWallet's content is fact-checked for accuracy, timeliness, and relevance by humans. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible. Learn more by checking our Editorial Guidelines.
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small business and personal finance.
50+ categories of the best business loan selections.
Objective and comprehensive business loans ratings rubric. (
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .
PayPal Working Capital Loan
The bottom line:
Loan details
Min. Loan Amount
$1,000
Max Loan Amount
$300,000
Qualifications
Min. credit score
300
Min. Time in Business
3 months
Min. Annual Revenue
$15,000
Pros & Cons
Pros
Cons
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
| Loan amount | $1,000 to $200,000 (up to $300,000 for repeat borrowers). |
| Qualification requirements |
|
| Fees | Fixed fee paid over the life of the advance (in place of interest). |
| Terms | Vary depending on your sales. You’ll need to pay at least 5% of the total loan amount every 90 days if your loan is estimated to last 12 months or more, and 10% every 90 days if you’re expected to pay it off faster. |
| Repayment schedule | PayPal deducts a fixed percentage each day you have sales until the loan is repaid. |
| Funding speed | Within minutes. |
| Loan amount | $5,000 to $100,000 (up to $150,000 for repeat borrowers). |
| Qualification requirements |
|
| Fees |
|
| Terms | 17 to 52 weeks. |
| Repayment schedule | PayPal automatically withdraws weekly repayments from your business bank account. |
| Funding speed | As fast as the next business day. |
SBA microloan
620
OnDeck - Online term loan
625
QuickBridge - Online term loan
600
