PayPal growing as a small-business lender

PayPal growing as a small-business lender

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BPC Staff | May 11, 2015 | 8:28 pm |

<1 min read time

PayPal said today that it has loaned $500 million to small businesses since its launch of Working Capital a year and a half ago, VentureBeat reported.

PayPal said today that it has loaned $500 million to small businesses since its launch of Working Capital a year and a half ago, VentureBeat reported. The company says that it issues $2 million a day in loans just within the United States. The loan service also operates in the United Kingdom and Australia.