Did you know PayPal is already offering small-business lending services to merchants in Canada?To know more about this funding program, as well as discover unique alternative business loans, just keep on reading this post.
Alternative Business Loans&PayPal’s Small Business Funding
After launching its funding program in China, the payments giant decided to enter another important market: this timeCanada.
This smallbusiness loan program allows merchants to obtain funding of $5.000- $100.000 without challenges and with reasonable rates.Based on the program, a subset of PayPal merchants can apply for funding. The PayPal Business Loan program will soon be more widely available to those who have a Canadian PayPal business account: the start will be in 2020.
Earlier in 2019, PayPal Canada started offering its global logistics and shipping solutions. The purpose is to encourage cross-border trade. What about you? Are you keeping up with the latest trends in the e-commerce market? Are you offering the right and the best possible merchant services to your customers?
If you need access to working capital, just apply to a reputable alternative online lender in your field. PayPal isn’t the best option for all merchants. So, you just need to shop around and find the right alternative business funding expert for your own business. A true alternative online lending professional can get you fast and easily approved for the most reliable and cheapest alternative business loans you need.
Financing Solutions in Canada
A study carried out last year revealed that Canadians really needed quicker financing solutions with better terms. Based on the results of the research, in 2018, alternative loans grew to 24%. At the same time, Canada’s alternative lendig market grew by 159%during 2016-2017.
Now, PayPal’s small business loan program gives merchants an opportunity to easily obtain business funding without losing time. By the way, the loan amount and repayment timeline can be customized. PayPal has already beenoffering its business funding solutions in the U.S., U.K., Australia, Germany, and Mexico.
To sum up, this is the 1sttime in Canada PayPal has started offering its Business Loan program. The latter allows small business owners to quickly obtain the necessary working capital between $5.000-$100.000 with ease and at affordable prices.
Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their alternative business loanssolutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.