Published On:
Tue, Sep 1st, 2015
PayPal’s Small Business Lending ‘Accelerating’ On The Way To $1 Billion
PayPal CEO Dan Schulman inaugurates the company’s trading as an independent company on Nasdaq. PayPal’s small-business lending, started as an add-on for its merchants, has been growing rapidly.
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
More news from PayPal
PayPal makes money transfers more personal Fortune
Dan Schulman, PayPal
![Kalin's Department Store, in the 200 block of North Main Street, was one of many stores Jewish retailers founded. [BAKER BARBER COLLECTION PHOTO]](https://media.jewishbusinessnews.com/2015/08/Kalins-Department-Store-in-the-200-block-of-North-Main-Street-was-one-of-many-stores-Jewish-retailers-founded.-BAKER-BARBER-COLLECTION-PHOTO-205x120.jpg)
About the Author
