PayPal loans: Working Capital offered to UK businesses

Interesting development

 

 

http://www.telegraph.co.uk/technology/news/10984022/PayPal-loans-Working-Capital-offered-to-UK-businesses.html

 

 

“Repayments will be taken as a percentage of new sales, meaning that users will not be forced to eat into reserves if they are struggling. PayPal will not charge interest or late fees, and will make no external credit checks. A fixed fee will be charged as the customer signs up to the working capital programme.”

 

 

 

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