PayPal got into small-business lending almost two years ago as an add-on for its merchants, and in May the company said its total loans had surpassed $500 million, and that it was lending out $2 million a day in the U.S. alone. But with alternative financing expanding rapidly, and PayPal having an advantage with its captive audience of retailers, I wondered just how fast PayPal’s small-business lending was growing now.
Read the full story at FORBES, by Amy Feldman
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Dan Schulman, PayPal
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