{"id":90520,"date":"1999-12-31T00:55:00","date_gmt":"1999-12-30T13:55:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/paypal-working-capital-loans-hit-us1b\/"},"modified":"1999-12-31T00:55:00","modified_gmt":"1999-12-30T13:55:00","slug":"paypal-working-capital-loans-hit-us1b","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/paypal-working-capital-loans-hit-us1b\/","title":{"rendered":"PayPal Working Capital Loans Hit US$1B"},"content":{"rendered":"

PayPal has lent more than US$1 billion to small businesses via its Working Capital program since the program’s inception in 2013.Darrell Esch, PayPal <\/font>SMB lending <\/font>vice president and general manager, has announced via a blog post that the program, <\/font>which launched in Australia in October 2014, <\/font> has helped more than 60,000 small business owners in the US, UK and Australia.<\/p>\n

PayPal Working Capital is currently providing US$3 million per day, directly into the PayPal accounts of small business owners, more than triple the pace from a year ago, Esch advised, working out to more than US$100 million per month.<\/p>\n

“Based on the customer feedback we receive, it’s clear that PayPal Working Capital is filling a crucial void in the traditional banking system,” he wrote.<\/p>\n

“In fact, when PayPal Working Capital customers were asked to rate how likely they would be to recommend the program to others (on a scale of 1-10, with 10 being the highest), between 85-90 per cent responded with a nine or 10, which really speaks to business owners’ enthusiasm for this program.”<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

PayPal has lent more than US$1 billion to small businesses via its Working Capital program since the program’s inception in 2013.<\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,25],"tags":[],"class_list":["post-90520","post","type-post","status-publish","format-gallery","hentry","category-archive","category-services","post_format-post-format-gallery"],"yoast_head":"\nPayPal Working Capital Loans Hit US$1B - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/paypal-working-capital-loans-hit-us1b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Working Capital Loans Hit US$1B - 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