Small-business lending gets a big-name player: PayPal

09/24/2013 | Bloomberg Businessweek

(Sean Gallup/Getty Images)

PayPal has launched PayPal Working Capital, a product for small-business lending. Loans are based on merchants' annual PayPal revenue and come with a single fee and no periodic interest. For repayment, the company deducts from merchants' PayPal receipts.

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