PayPal loan builder approved $100k

[jologan79]

Good morning all,

So I submitted an application and was approved for a $100,000 loan with PayPal loanbuilder.

This comes with a high interest because I will have to pay back an additional $14,000 over one year with weekly payments. I really wanted a line of credit at this level but Kabbage and Blue Vine are sticking me with low limits of $16k and $35k.

Have any of you all had any luck with traditional Banks like CApital One with line of credit at this level.

[Anonymous]

Was it hard pull and what bureau? Did they ask for any documentation?

[Anonymous]

Hi Jo,

We are looking into a builder loan also. We were thinking about Paypal but we would like feedback on banks and lines of credit that works also for $75-&100k with a lower interest rate. Keep us posted! thanks! 

[jaxstraw]

Try PNC. It is a soft pull on your personal credit at first. https://www.pnc.com/en/small-business/borrowing/business-lending.html?WT.mc_id=SBL_Offline_0001

[Creditaddict]

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@jologan79 wrote:

Good morning all,

So I submitted an application and was approved for a $100,000 loan with PayPal loanbuilder.

This comes with a high interest because I will have to pay back an additional $14,000 over one year with weekly payments. I really wanted a line of credit at this level but Kabbage and Blue Vine are sticking me with low limits of $16k and $35k.

Have any of you all had any luck with traditional Banks like CApital One with line of credit at this level.

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Short answer... No. Paypal has given the highest and quickest access to money the easiest.

OnDeck has come close but with fees even higher than the PayPal.

Some have posted about possibly waiting a week or so from approval with paypal and they contact you with lower rate, might be worth trying.

[jologan79]

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@jaxstraw wrote:
Try PNC. It is a soft pull on your personal credit at first. https://www.pnc.com/en/small-business/borrowing/business-lending.html?WT.mc_id=SBL_Offline_0001

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I just hit the love button on this.

I'll let you know the outcome.

[WayneSki]

PNC worked for me...no doc and no hard pull. I have a relationship with PNC as well. Business and personal accounts,plus a business credit card.

[AllZero]

Congratulations on your approval!

[jologan79]

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@jaxstraw wrote:
Try PNC. It is a soft pull on your personal credit at first. https://www.pnc.com/en/small-business/borrowing/business-lending.html?WT.mc_id=SBL_Offline_0001

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Well PNC denied me so dang fast it was unreal...

Has anyone recon'd them?

[Rgudino1717]

Read somewhere that PNC doesn't do recons. They recently denied me (instantly), got a letter in the mail that listed a couple of reasons, but it didn't make sense to me. One reason was that I didn't have mortage account history, but I do sooo... 

Was approved mid 2018 with loan builder for 30k. Denied late 2018 for a BoA loan. Thinking about applying with BoA again, but not sure if I want to risk getting a HP and getting denied.