PayPal Still Leads in Unsecured Small Business Lending
November 12, 2020
| By: deBanked Staff
PayPal recently disclosed the dollar amount of receivables it had “purchased” between its working capital and business loan program for the first 3 combined quarters of 2020. The figure was $1.5B, down by more than half from over the same period last year. That would seem to suggest that the actual origination figure is probably $1.3B, which is still larger than some of its closest competitors. Numbers from rivals like Kabbage (recently acquired by Amex) and Amazon were not readily available.
For a larger comparison chart, click here.
2020 YEAR TO DATE:
| Company | Q1 2020 | Q2 | Q3 | YTD TOTAL |
| PayPal | $1.3B | |||
| OnDeck | $592M | $66M | $144M | $806M |
| Square Capital | $548M | $0 | $155M | $703M |
| Shopify Capital | $162.4M | $153M | $252.1M | $567.5M |
