Last week, it was reported in the Washington Post that PayPal announced their small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span.
At the same time, United Capital Source announced we had surpassed $100 million in funding small business loans in the past year.
While PayPal Working Capital is extending short-term loans at a rate of $3 million per day to a mix of sellers on eBay Inc and standalone small to medium-sized merchants, United Capital Source is providing not only working capital loans but other small business financing such as merchant cash advances.
United Capital Source advises merchants who are working with PayPal to review other small business loan companies which specialize in their industry. We provide business loans to hundreds of different business segments and industries. While we may be a “David” vs the “Goliath of PayPal”, we provide a greater level of service and focus on customer needs over a longer period of time.