PayPal Working Capital Loans are short-term business loans designed for small businesses that actively use PayPal for sales.

Eligibility is based on your PayPal account history rather than a credit check, making it ideal for entrepreneurs with lower credit scores.

Loan amounts range from $1,000 up to $150,000 for first-time borrowers and up to $250,000 for repeat borrowers.

Repayment is automated as a percentage of daily PayPal sales, offering flexibility that aligns with your cash flow.

To qualify, you must have a PayPal Business or Premier account, process at least $20,000 (for Premier) or $15,000 (for Business) in annual PayPal sales, and have a PayPal account in good standing for at least 90 days.

There are no late fees, periodic interest, or credit score impacts, making this a convenient option for food truck owners and small retailers who rely heavily on PayPal transactions.

Application Process on How to Fund Your Food Truck Through PayPal Working Capital Loans

1. Check Eligibility

   • You need a PayPal Business or Premier account active for at least 90 days.
   • Annual PayPal sales minimum: $15,000 (Business) or $20,000 (Premier).
   • You must have paid off any existing PayPal Working Capital loan.

2. Apply Online Within Your PayPal Account

   • Log in, go to “Working Capital,” and answer a few quick prompts.
   • Approval is often in minutes; no credit check required.

3. Choose Loan Amount & Repayment Percentage

   • Loan options range from $1,000 up to typically 30% of your annual PayPal sales, up to $150k for first-time borrowers, and $200k for repeat borrowers.
   • Choose the percentage of each sale to allocate toward repayment (higher percentages mean faster repayment and lower fee).

4. Receive Funding & Automatic Repayment

   • Funds are deposited into your PayPal account within minutes of acceptance.
   • Repayment occurs automatically as a cut of daily PayPal sales; minimum payments are due every 90 days (5–10% of your loan amount).
   • No monthly interest, no late fees, and no prepayment penalties—repay early if you wish.

Why It’s Ideal for Food Trucks

• Speed & Convenience: Approval and funding happen in minutes—perfect when you’re ready to grab a truck or stock up fast.
• Cash Flow Friendly: Payments flex with your sales—no payment on slow days.
• No Credit Hassles: No credit checks or personal guarantees are required.

If your food truck processes much of its sales via PayPal, this is a convenient and accessible funding option that aligns repayment with your income.

Requirements for Funding Your Food Truck Through PayPal Working Capital Loans

Eligibility Requirements

• Account Type & Duration: Maintain a PayPal Business or Premier account for at least 90 days.
• Annual PayPal Sales: Process a minimum of $15,000 in annual PayPal sales if you have a Business account, or $20,000 if you have a Premier account.
• Outstanding Loan Status: Ensure any previous PayPal Working Capital loans are fully repaid before applying for a new one.
• Geographic Availability: Be aware that PayPal Working Capital loans are not available in North Dakota, South Dakota, Hawaii, Nevada, and North Carolina.

Considerations

• Sales Volume: If a significant portion of your food truck’s sales occurs outside of PayPal, you may not meet the sales threshold required for eligibility.
• Credit Impact: Applying for a PayPal Working Capital loan does not involve a credit check, so it won’t affect your credit score.
• Repayment Structure: Repayments are based on a percentage of your daily PayPal sales, providing flexibility aligned with your cash flow.

If you meet these requirements, you can proceed with the application process directly through your PayPal account.