PayPal Begins Offering Business Loans in Canada

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PayPal LoanBuilderPayPal has extended its popular working capital business loan program to Canada, according to company CEO Dan Schulman.

“This quarter, we began offering our PayPal business loan product to PayPal merchants in Canada, allowing them to access financing to build and sustain their businesses,” he said during the Q2 conference call. “This follows the expansion of our business financing solutions to Germany in Q4 2018 and in Mexico earlier this year in partnership with Mexican lending platform Konfio.”

deBanked ranked PayPal as the leading alternative small business finance company by originations in 2018. They are followed by OnDeck, Kabbage, Square, and Amazon.

Last modified: July 28, 2019

Category: Business Lending, Industry News

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