PayPal Breaks £1 Billion Barrier for Lending to British Start-Ups

PayPal Breaks £1 Billion Barrier for Lending to British Start-Ups

PayPal’s new cash advance scheme has delivered over £1 billion in finance to ambitious, growing small businesses across the U.K.  Its Working Capital program gives lending decisions to entrepreneurs within a matter of minutes, helping innovative start-ups and small firms to get access to the finance they need to break new ground.  PayPal’s lending to small and medium-sized enterprises (SMEs) throughout the U.K. is up roughly 60 percent year-on-year, with the world-leading eWallet confirming it had lent £625 million to small firms in May 2018 and £400 million in July 2017.

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