PayPal has been distributing loans to small businesses for three years now. The San Jose, Calif.-based company launched its small-business lending platform, called PayPal Working Capital, in 2013. To date, the payment company has provided over $2 billion in funding to about 90,000 small businesses. Darrell Esch, PayPal’s vice president and general manager of small- and medium-business lending, says the program started after the recession to fill a gap he felt the banks left open. PayPal (NASDAQ:…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/07/why-paypal-s-small-business-lending-platform-is.html?ana=RSS%26s=article_search
No comments:
Post a Comment