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PayPal loan builder approved $100k

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Frequent Contributor

PayPal loan builder approved $100k

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.

 


NFCU Cashrewards $20,500 ~ NFCU LOC $15,000 ~ Chase Southwest $11,700 ~ Discover IT $6,500 ~ Hilton Honor Amex $1,000 ~ MILITARY STAR $5,050 ~ USAA Classic $500 ~ Macy's Store Card $7,000 ~ Mercury Visa $3,450 ~ Amazon Prime $2,200 ~ Guitar Center Store Card $1,100
Message 1 of 24
23 REPLIES 23
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Regular Contributor

Re: PayPal loan builder approved $100k

Was it hard pull and what bureau? Did they ask for any documentation?
Message 2 of 24
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New Visitor

Re: PayPal loan builder approved $100k

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! 

Message 3 of 24
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Established Contributor

Re: PayPal loan builder approved $100k

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
Jax

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Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Message 4 of 24
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Legendary Contributor

Re: PayPal loan builder approved $100k


@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.

 


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.

Message 5 of 24
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Frequent Contributor

Re: PayPal loan builder approved $100k


@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

I just hit the love button on this.

I'll let you know the outcome.

 

 


NFCU Cashrewards $20,500 ~ NFCU LOC $15,000 ~ Chase Southwest $11,700 ~ Discover IT $6,500 ~ Hilton Honor Amex $1,000 ~ MILITARY STAR $5,050 ~ USAA Classic $500 ~ Macy's Store Card $7,000 ~ Mercury Visa $3,450 ~ Amazon Prime $2,200 ~ Guitar Center Store Card $1,100
Message 6 of 24
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New Contributor

PNRe: PayPal loan builder approved $100k

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.

Message 7 of 24
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Super Contributor

Re: PayPal loan builder approved $100k

Congratulations on your approval!
Message 8 of 24
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Frequent Contributor

Re: PayPal loan builder approved $100k


@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

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

Has anyone recon'd them?


NFCU Cashrewards $20,500 ~ NFCU LOC $15,000 ~ Chase Southwest $11,700 ~ Discover IT $6,500 ~ Hilton Honor Amex $1,000 ~ MILITARY STAR $5,050 ~ USAA Classic $500 ~ Macy's Store Card $7,000 ~ Mercury Visa $3,450 ~ Amazon Prime $2,200 ~ Guitar Center Store Card $1,100
Message 9 of 24
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Contributor

Re: PayPal loan builder approved $100k

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. 

Message 10 of 24
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