Short-term business loans are provided by LoanBuilder. LoanBuilder stands out from the crowd despite the fact that many other business financiers provide comparable funding since the loans are reasonably priced, borrowers don’t have to pay an origination charge (or any other upfront expenses), and borrower requirements are minimal.


There is no distinction between LoanBuilder and PayPal Business Loans. In fact, you might note that the service is referred to as PayPal Business Loan rather than LoanBuilder when you start the application inquiry. T

he LoanBuilder brand name was formerly intended to be phased out, but that hasn’t happened yet.


The parent firm of LoanBuilder also provides another business financing service called PayPal Working Capital. PayPal Working Capital offers short-term business loans, just like LoanBuilder.

A helpful service, PayPal Working Capital is exclusively accessible to PayPal sellers. In contrast, LoanBuilder is accessible to most companies, including PayPal vendors.

Additionally, LoanBuilder offers larger maximum borrowing quantities, and the maximum sum that merchants may borrow is determined by the total income of the company (not just its PayPal sales).

To find out if you have a decent probability of being approved for a LoanBuilder loan, read the next section.


Although the requirements for borrowers at LoanBuilder are rather loose, the list of excluded sectors is rather long and includes businesses like law firms, charities, and financial services, among others.

The minimal criteria that your company must satisfy to stand a good chance of being approved for a LoanBuilder loan are listed below:

Time In Business: 9 months
Business Revenue: $42,000 per year
Personal Credit Score: 620
Ineligible Industries (click to expand)

Additionally, your company must have its headquarters in the US. You must also be free of any open bankruptcies.

Rating: Good

The current rates and costs for LoanBuilder loans are as follows:

Borrowing Amount: $5,000-$500,000
Term Length: 13-52 weeks
Borrowing Fee: One-time fee of 2.9%-18.72% of the borrowing amount
Origination Fee: None
Effective APR: Learn more
Collateral: UCC blanket lien

For qualifying consumers, LoanBuilder loans are available up to $500,000.

The one-time costs for LoanBuilder range from 2.9% to 18.72% of the borrowed amount.

A blanket lien is necessary in order to be eligible for a LoanBuilder company loan even though particular collateral is not needed.

Borrowing costs with LoanBuilder are typically not excessive. The loans’ short repayment periods, however, result in high weekly instalments.


The cost of the loan is expressed by LoanBuilder as a Total Interest Percentage. Simply multiply the Total Interest Percentage by the borrowed amount to find your borrowing cost.

If you borrow $100,000, for instance, and the interest rate is 10%, your borrowing cost will be $10,000. You would have to pay back $110,000 in total.

The Total Interest Percentage is not the same as an interest rate or annual percentage rate (APR).

LoanBuilder’s borrowing fees are computed just once and remain the same throughout the loan period, unlike interest, which builds up over the course of the loan.

Notably, LoanBuilder does not impose an origination (or comparable) fee, thus your payment will not be reduced in any way. You will just be charged the flat borrowing fee; you won’t be assessed any late or NSF fees.

The borrowing fees charged by LoanBuilder are not the most affordable, but they are also not the most costly, and they might reach a maximum of 18.72% of the borrowed amount.

The maximum term of 52 weeks for repayment indicates that it is not a practical long-term financing option, and each weekly repayment will be significant.

Repayment is automatic. A fixed amount will be taken out of your company bank account each week by LoanBuilder via an automated clearing house (ACH).

It’s important to note that many of LoanBuilder’s rivals withdraw payments every day, making LoanBuilder’s method simpler to plan for than others.


There is no financial advantage to paying off the loan early, but you are free to do so if you so want.

Although LoanBuilder does not demand any specific collateral, it does demand a UCC-1 blanket lien, like many other internet lenders.

Rating: Excellent

Application for LoanBuilder is a quick and simple process.

Filling out an online prequalification form is the first step. You have the option of logging in as a guest or by using your PayPal account, in which case LoanBuilder will already have part of your information.

Five steps make up the application: Contact Information, Personal Information, Business Location, Business Details, and Identity Verification. Overall, LoanBuilder claims that completing this form will just take five to 10 minutes.

The information you must supply will depend on the type of business you operate; nonetheless, the types of information are as follows:

The first stage is Contact Info, where you must provide your name, email address, phone number, and the purpose for which you want to spend the loan earnings.

The Personal Info section requires you to enter your home address and mobile numbers. You must provide your business address and phone numbers for business location.

When filling out the Business Details section, you must include pertinent details about your company, including its legal structure, trade name or DBA, state of incorporation, annual income, start date, number of full-time employees, and industry and sub-industry.

You must fill out the Verify Identity portion of the loan application, which asks for details about your date of birth, Social Security number, ownership stake in the company, and federal tax ID.

With the help of this data, LoanBuilder will run a soft credit check to provide the lender an idea of your credit history. Your personal credit score will not be impacted by providing this information.


When you submit your application, LoanBuilder will let you know whether you’ve been given the go-ahead to move on or not. 
LoanBuilder assesses your personal credit history, your business’s financial standing, and its general health to establish your eligibility. 
You can choose your loan amount and term duration if you are preapproved, and you will be given approximate rates and costs.
You must submit an entire application once you’ve decided on your conditions. Depending on the circumstances of your firm, several types of evidence, including recent bank statements, may be necessary.
A hard credit check will be done by LoanBuilder at this step, which could have a minor effect on your credit score. You must electronically sign a contract before getting your money if your loan application is accepted.


When your application is accepted, WebBank (the bank that originates LoanBuilder loans) will put the money into your bank account.

The cash will typically transfer the following business day if your loan is accepted before 5 PM EDT on Monday through Friday. The transfer may take a bit longer if you are approved after 5 PM or on the weekend.

LoanBuilder will automatically deduct money each week as repayment. The day of the week on which payments are withheld will be up to you to decide.


If your loan is rejected, LoanBuilder will inform you right away and then send you an email few days later with more information and explanations. 
After 30 days, applicants who weren’t accepted can try again.
Rating: Fair
The amount of information that LoanBuilder gives potential borrowers up front has been drastically reduced during the last two years.

You can still find some broad information on Loanbuilder’s operation in the FAQ, but you won’t find a lot of details like rates and specific terms.

The same details are presented in a slightly different way on the PayPal Business Loan website.

Filling out a questionnaire will allow you to rapidly check your eligibility, but you must provide contact information.

Rating: Good

Customer service is available by phone Monday through Saturday. Support is also reachable via email and social media. There is no live chat feature, however.

Though customers in the past have complained about the difficulty of reaching a customer support representative,

LoanBuilder appears to have taken great pains to improve its customer service experience, and most recent reviews of the company’s customer experience are positive.

Rating: Good



It’s challenging to distinguish PayPal’s loan services from all of their other activities because they are a PayPal service. LoanBuilder was a Swift Capital creation before it was incorporated into PayPal.

If you don’t want to read through countless PayPal complaints, Swift Capital’s Better Business Bureau profile is still where many concerns about LoanBuilder tend to go on the BBB website.

Although Swift Capital is not BBB-accredited, it has an A+ rating on the website and 21 complaints that were resolved in the last three years.

It also has a strong presence on Trustpilot, where it has 5,336 reviews and a 4.7/5 rating. Nevertheless, there are some unfavourable reviews online. Here is a list of grievances made over this service:

Unexpected Obstacles: Some clients reported that the application and funding process proved to be more challenging than anticipated, either as a result of misunderstanding or accident.

Confusing Terms: While often brought on by a lack of knowledge with the vocabulary used in short-term loans, other customers discovered that they were ill-equipped to comply with the requirements.

Short Repayment Terms: The maximum time for repayment is 12 months. That is not much time. In comparison to what they would be if you were given a longer term duration, the weekly payments will be significantly higher.

Inflexible: When customers had trouble making payments according to the timetable, some concerns centred on the rigidity of LoanBuilder’s requirements.

COVID-related Problems: A lot of the more recent complaints have to do with issues with repayment during the global pandemic of 2020–2021 as well as uncertainty with PPP applications.

LoanBuilder offers a number of customer testimonials on their website, a sizable number of favourable Trustpilot reviews, and a few positive BBB experiences. Typically, customers enjoy the following:

Fast Time To Funding: Obtaining finance quickly provides advantages despite the fees involved.

Helpful Customer Service: In general, it seems that customers are happy with the service and support provided.

Weekly Repayment Schedule: The majority of MCA and short-term loan providers take daily deductions from your sales. Weekly deductions are much simpler for many firms to manage.

Transparent Fees: For a product of this nature, LoanBuilder offers relatively few surprises in terms of fees.

Compared to the typical fintech business loan, LoanBuilder’s loans are quick, simple, and a little more flexible.

Although PayPal’s shift away from transparency over the past two years is perplexing and unquestionably a mistake, the service is still one of the best short-term loan options available.

LoanBuilder offers a lot to offer the proper kind of business, even though some borrowers might prefer loans with lengthier repayment terms.

In other words, LoanBuilder is worth considering in your comparisons if your company need a quick infusion of cash or you are unable to secure financing elsewhere.



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