{"id":3913,"date":"2018-05-01T13:06:18","date_gmt":"2018-05-01T20:06:18","guid":{"rendered":""},"modified":"2024-08-22T09:51:32","modified_gmt":"2024-08-22T16:51:32","slug":"loanbuilder","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/loanbuilder\/","title":{"rendered":"LoanBuilder"},"content":{"rendered":"\n<p>LoanBuilder is a loan service by popular payment processor PayPal. Loans obtained from LoanBuilder are facilitated by Swift Financial. <\/p>\n\n\n\n<p>LoanBuilder offers your company the short-term capital it needs to bridge the gap between large contracts, buy new equipment, and more. <\/p>\n\n\n\n<p>Aimed at small and medium-sized businesses, it offers <strong>loans up to $500,000<\/strong> with <strong>flexible weekly payment terms<\/strong> that allow your business to pay off the balance over time.<\/p>\n\n\n\n<p>Although similar to other online lenders, LoanBuilder is a bit quicker and easier to qualify for, which is why it&#8217;s popular among businesses in the U.S.<\/p>\n\n\n\n<p>So, how does a loan from LoanBuilder work and how can you tell if it\u2019s the right option for your company? We\u2019ll explore these topics and more below.<\/p>\n\n\n<div class=\"fn_block block_fn_items fields_containeris-hidden\"><div class=\"items-content__cards\"><div class=\"items-content__card \" data-header=\"\"><div class=\"items-content__card-top\"><div class=\"items-content__card-left\"><a href=\"https:\/\/financer.com\/company\/loanbuilder\/\" class=\"items-content__card-logo \" ><img decoding=\"async\" width=\"713\" height=\"148\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1.png\" class=\"attachment-full size-full\" alt=\"LoanBuilder Logo\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1.png 713w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1-300x62.png 300w\" sizes=\"(max-width: 713px) 100vw, 713px\" \/><\/a><span class=\"items-content__card-chosen\">Chosen <strong>635<\/strong> times<\/span><ul class=\"items-content__card-list\"><li >Business loans from $5,000 &#8211; $500,000<\/li><li >Repayment terms from 13 to 52 weeks<\/li><li >Apply within minutes<\/li><li >No prepayment penalties<\/li><\/ul><\/div><div class=\"items-content__card-datapoint-container no-data-point\"><\/div><div class=\"items-content__card-right\"><a href=\"https:\/\/financer.com\/company\/loanbuilder\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"3913\" data-url_param_t=\"company_single\" class=\"button is-primary is-rounded is-arrow items-content__card-see-offer items-content__card-see-offer--\" target=\"_blank\" rel=\"sponsored nofollow\">See offer<\/a><a href=\"https:\/\/financer.com\/company\/loanbuilder\/\"  class=\"button is-rounded items-content__card-more-info\">More Info<\/a><a href=\"https:\/\/financer.com\/company\/loanbuilder\/#read-reviews\" class=\"simple-rating\"><div class=\"simple-rating__stars simple-rating__stars--right\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_outline_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_outline_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><\/div><span class=\"simple-rating-value rating_yellow\" data-rating-value=\"3.4\">3.4<\/span><\/a><span class=\"items-content__card-reviews\">Read&nbsp;<a href=\"https:\/\/financer.com\/company\/loanbuilder\/#read-reviews\">2<\/strong>&nbsp;reviews<\/a><\/div><\/div><\/div><\/div><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"How_We_Rate_LoanBuilder\">How We Rate LoanBuilder<\/h2>\n\n\n\n<p>At Financer.com, all lenders go through a thorough research and review process. Here&#8217;s how we rate LoanBuilder:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-fn-tables shortcode-no\"><table><thead><tr><th>Category<\/th><th>Rating<\/th><\/tr><\/thead><tbody><tr><td>Affordability<\/td><td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><tr><td>Application process<\/td><td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><tr><td>Loan terms<\/td><td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><tr><td>Transparency<\/td><td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><tr><td>Customer support<\/td><td>\u2b50\u2b50\u2b50<\/td><\/tr><tr><td>Overall<\/td><td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<div class=\"fn_block block_fn_msg_box company\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Do_We_Recommend_LoanBuilder\">Do We Recommend LoanBuilder?<\/h3>Yes, we recommend LoanBuilder as a reliable lender. Skip to our full review below and see <a href=\"#How_Financercom_Rates_LoanBuilder\" data-type=\"internal\" data-id=\"#How_Financercom_Rates_5KFunds\">how we rate LoanBuilder<\/a>.<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"Heres_what_well_cover_in_this_review\">Here&#8217;s what we&#8217;ll cover in this review:<\/h3>\n\n\n\n\n\n<p>Want to skip the details? Jump to our final verdict <a href=\"#How_Financercom_Rates_LoanBuilder\" data-type=\"internal\" data-id=\"#How_Financercom_Rates_5KFunds\">here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"LoanBuilder_Overview\">LoanBuilder Overview<\/h2>\n\n\n\n<p>LoanBuilder offers businesses short-term loans to help them continue operating while generating stable revenue.<\/p>\n\n\n\n<p><strong>Here&#8217;s a quick summary of LoanBuilder:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-fn-tables shortcode-no\"><table><thead><tr><th>Overview<\/th><th>Features<\/th><\/tr><\/thead><tbody><tr><td><strong>Loan type:<\/strong><\/td><td>Business loans<\/td><\/tr><tr><td><strong>Loan amount:<\/strong><\/td><td>Up to $500,000<\/td><\/tr><tr><td><strong>Loan term:<\/strong><\/td><td>Up to 52 weeks<\/td><\/tr><tr><td><strong>APR<\/strong>:<\/td><td>From 2.9% to 18.72%<\/td><\/tr><tr><td><strong>Min. credit score:<\/strong><\/td><td>620<\/td><\/tr><tr><td><strong>Monthly fees:<\/strong><\/td><td>None<\/td><\/tr><tr><td><strong>Payout time:<\/strong><\/td><td>One business day<\/td><\/tr><tr><td><strong>Weekend payout:<\/strong><\/td><td>No<\/td><\/tr><tr><td><strong>Requirements:<\/strong><\/td><td>At least 18 years old<br>U.S. citizen<br>No active bankruptcy filings<br>Credit score of 620+<br>Business must be registered with the Secretary of State<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>It gives businesses <strong>loans from $5,000 to $500,000<\/strong> to buy equipment, pay salaries, buy a new building, and more while allowing the company to make regular weekly payments.<\/p>\n\n\n<div class=\"wp-block-image shortcode-no\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"960\" height=\"864\" src=\"https:\/\/financer.com\/app\/uploads\/sites\/11\/2021\/11\/image-4.png\" alt=\"\" class=\"wp-image-24857\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/11\/image-4.png 960w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/11\/image-4-300x270.png 300w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/11\/image-4-768x691.png 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure><\/div>\n\n\n<p>Because payments are made weekly, businesses can easily budget for them according to their cash flow and put their funds to work immediately.<\/p>\n\n\n\n<p>LoanBuilder also offers <a href=\"https:\/\/financer.com\/loans\/business-loans\/\">businesses loans<\/a> as small as $5,000, so these loans can even cover small purchases for your business. <\/p>\n\n\n\n<p>What\u2019s more, with weekly payments available, planning and paying off your debt in a shorter period of time is possible.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"How_is_LoanBuilder_Different_from_PayPal\">How is LoanBuilder Different from PayPal?<\/h3>\n\n\n\n<p>PayPal Business Loans and LoanBuilder are the same. In fact, LoanBuilder was formally known as PayPal Business Loans, and while the original loan product allowed customers to repay with monthly payments, LoanBuilder allows borrowers to repay their loans in weekly payments.<\/p>\n\n\n\n<p>Another option is PayPal Working Capital, which offers business loans based on your PayPal account history. You repay with a share of your PayPal sales. <\/p>\n\n\n\n<p>PayPal Working Capital has loans from $1,000 to $150,000 for first-time borrowers and up to $200,000 for repeat borrowers. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Pros__Cons_\">Pros &amp; Cons <\/h3>\n\n\n<h3 id=\"Pros\">Pros<\/h3>\n\n<ul>\n<li><strong>Transparent <\/strong>fees<\/li>\n<li><strong>Easy online<\/strong> application process<\/li>\n<li>Flexible <strong>weekly payments<\/strong><\/li>\n<li>There are <strong>no origination, prepayment, or maintenance fees<\/strong><\/li>\n<\/ul>\n\n\n<p>LoanBuilder has a very easy application process that takes a few minutes. You&#8217;ll get your loan offer right away. <\/p>\n\n\n\n<p>Another benefit of LoanBuilder is that there are no fees unless you make a late payment, in which case there is a $20 fee due.<\/p>\n\n\n<div class=\"fn_block block_fn_pros_cons\"><ul class=\"dislike\"><h3 id=\"Cons\">Cons<\/h3><li>\n<p>Only <strong>short-term loans <\/strong><\/p>\n<\/li><li><p><strong>High minimum<\/strong> loan amount of $5,000<\/p>\n<\/li><li>\n<p>No benefit to <strong>repaying a loan early<\/strong><\/p>\n<\/li><\/ul><\/div>\n\n\n<p>Although LoanBuilder is ideal for larger businesses, the repayment terms are up to 52 weeks. If you need a long-term loan it might not be the best option.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Loan_Requirements\">Loan Requirements<\/h3>\n\n\n\n<p>PayPal LoanBuilder loans are for businesses only. More specifically, for established businesses with consistent, documented revenue. <\/p>\n\n\n\n<p>To get a LoanBuilder loan, you must have been in business for <strong>at least nine months<\/strong> and have at least <strong>$42,000 in yearly revenue<\/strong>. <\/p>\n\n\n\n<p>You must also have no active <a href=\"https:\/\/financer.com\/personal-finance\/bankruptcy\/\">bankruptcy<\/a>\u00a0filings, a <strong>minimum credit score of 620<\/strong>, and the business must be located in the U.S. <\/p>\n\n\n\n<p>Your business also must be registered with the Secretary of State.<\/p>\n\n\n\n<p>On top of all those regulations, there are select industries and business types that are not eligible at all.<\/p>\n\n\n\n<p>There is a <strong>personal guarantee<\/strong> attached to PayPal LoanBuilder loans. This means you would be financially responsible for repaying the loan if the business defaults.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Rates__Fees\">Rates &amp; Fees<\/h3>\n\n\n\n<p>LoanBuilder APRs range from 2.9% to 18.72% with <strong>6% to 19% fixed interest<\/strong>.<\/p>\n\n\n\n<p>There are <strong>no origination fees<\/strong>, no prepayment fees, and no maintenance fees. However, there is a $20 returned payment fee.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Repayment_Terms\">Repayment Terms<\/h3>\n\n\n\n<p>You repay the loan weekly, and the terms range from <strong>13 to 52 weeks<\/strong>. <\/p>\n\n\n\n<p>Your <a href=\"https:\/\/financer.com\/ask-financer\/what-is-the-interest-rate-on-personal-loans\/\">interest rate<\/a> will vary greatly depending on your creditworthiness, and a loan consultant will go over this with you if you\u2019re approved.<\/p>\n\n\n\n<p>Every week, LoanBuilder will deduct a fixed amount from your business bank account via an ACH (automated clearing house). <\/p>\n\n\n\n<p>Should you decide to pay off your LoanBuilder loan early, keep in mind that all the fees are calculated at the time of loan funding, so this is one of those rare instances where there is no real benefit to paying off early.<\/p>\n\n\n<div class=\"fn_block block_fn_items fields_containeris-hidden\"><div class=\"items-content__cards\"><div class=\"items-content__card \" data-header=\"\"><div class=\"items-content__card-top\"><div class=\"items-content__card-left\"><a href=\"https:\/\/financer.com\/company\/loanbuilder\/\" class=\"items-content__card-logo \" ><img decoding=\"async\" width=\"713\" height=\"148\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1.png\" class=\"attachment-full size-full\" alt=\"LoanBuilder Logo\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1.png 713w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder-logo-1-300x62.png 300w\" sizes=\"(max-width: 713px) 100vw, 713px\" \/><\/a><span class=\"items-content__card-chosen\">Chosen <strong>635<\/strong> times<\/span><ul class=\"items-content__card-list\"><li >Business loans from $5,000 &#8211; $500,000<\/li><li >Repayment terms from 13 to 52 weeks<\/li><li >Apply within minutes<\/li><li >No prepayment penalties<\/li><\/ul><\/div><div class=\"items-content__card-datapoint-container no-data-point\"><\/div><div class=\"items-content__card-right\"><a href=\"https:\/\/financer.com\/company\/loanbuilder\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"3913\" data-url_param_t=\"company_single\" class=\"button is-primary is-rounded is-arrow items-content__card-see-offer items-content__card-see-offer--\" target=\"_blank\" rel=\"sponsored nofollow\">See offer<\/a><a href=\"https:\/\/financer.com\/company\/loanbuilder\/\"  class=\"button is-rounded items-content__card-more-info\">More Info<\/a><a href=\"https:\/\/financer.com\/company\/loanbuilder\/#read-reviews\" class=\"simple-rating\"><div class=\"simple-rating__stars simple-rating__stars--right\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_outline_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><img decoding=\"async\" src=\"https:\/\/financer.global\/app\/themes\/financer-v2\/assets\/images\/stars\/star_outline_rating_blue.svg\" alt=\"rating_blue\" style=\"width: 18px;\"><\/div><span class=\"simple-rating-value rating_yellow\" data-rating-value=\"3.4\">3.4<\/span><\/a><span class=\"items-content__card-reviews\">Read&nbsp;<a href=\"https:\/\/financer.com\/company\/loanbuilder\/#read-reviews\">2<\/strong>&nbsp;reviews<\/a><\/div><\/div><\/div><\/div><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"LoanBuilder_PPP_Loan\">LoanBuilder PPP Loan<\/h3>\n\n\n\n<p>PayPal participated in the Paycheck Protection Program (PPP) through WebBank, Member FDIC. <\/p>\n\n\n\n<p>However, as the SBA announced in May 2021 that PPP loan funding had been depleted, LoanBuilder PPP loan applications are no longer accepted.<\/p>\n\n\n<h3 id=\"How_to_Prequalify_with_LoanBuilder\">How to Prequalify with LoanBuilder<\/h3><div class=\"single-article__steps\">        <style>\n            .single-article__steps-items .single-article__steps-content {\n                background: #FFFFFF;\n                padding: 30px;\n                margin: 0 0 30px 0;\n                border-radius: 10px;\n                box-shadow: 0 0 10px 0 rgba(0, 0, 0, 0.14);\n                width: calc(100% - 5px);\n            }\n            .single-article__steps-items .single-article__steps-counter {\n                padding: 5px 20px;\n                border-radius: 3px;\n                background-color: #F5E7D8;\n                display: inline-block;\n                top: 15px;\n                left: -30px;\n                position: relative;\n                font-size: 16px;\n                font-weight: 600;\n            }\n\/*            .single-article__steps-items::before {\n                content: \"\";\n                position: absolute;\n                top: 20px;\n                left: 0;\n                height: calc(100% + 40px);\n                border-left: 2px dashed #e0e0e1;\n            }*\/\n            .single-article__conclusion-tag {\n                padding: 5px 20px;\n                border-radius: 3px;\n                color: #000000;\n                background-color: #F5E7D8;\n                display: inline-block;\n                top: 15px;\n                left: -30px;\n                position: relative;\n                font-size: 16px;\n                font-weight: 600;\n            }\n            .single-article__conclusion-item {\n                background: #FFFFFF;\n                padding: 30px;\n                margin: 0 0 30px 0;\n                border-radius: 10px;\n                box-shadow: 0 0 10px 0 rgba(0, 0, 0, 0.14);\n            }\n        <\/style>\n        <div class=\"single-article__steps-items\"><div class=\"single-article__steps-counter\" id=\"step_1\">Step 1<\/div><div class=\"single-article__steps-content\"><h3 id=\"Apply-online\">Apply online<\/h3><p style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-44738 size-full\" src=\"https:\/\/financer.com\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder1.png\" alt=\"\" width=\"380\" height=\"616\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder1.png 380w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder1-185x300.png 185w\" sizes=\"(max-width: 380px) 100vw, 380px\" \/><\/p>\nIt only takes about five to ten minutes to get the application process started by filling out the online questionnaire and adding your business details.\u00a0<\/div><div class=\"single-article__steps-counter\" id=\"step_2\">Step 2<\/div><div class=\"single-article__steps-content\"><h3 id=\"Review-your-options\">Review your options<\/h3><p style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-44739 size-full\" src=\"https:\/\/financer.com\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder2.png\" alt=\"\" width=\"396\" height=\"437\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder2.png 396w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2018\/05\/loanbuilder2-272x300.png 272w\" sizes=\"(max-width: 396px) 100vw, 396px\" \/><\/p>\nOnce you&#8217;ve verified that you&#8217;re an authorized representative of the business, you&#8217;ll see your loan offer.<\/div><div class=\"single-article__steps-counter\" id=\"step_3\">Step 3<\/div><div class=\"single-article__steps-content\"><h3 id=\"Receive-your-funds\">Receive your funds<\/h3>If you are deemed eligible for a LoanBuilder business loan, you can have your money as early as the next business day.<\/div><\/div>            <div class=\"single-article__conclusion\">\n                            <\/div>\n            <\/div>\n\n\n<p>During the first step of the application process, you&#8217;ll need to provide your contact info, which includes your name, email address, phone number, and intended use of the loan proceeds. <\/p>\n\n\n\n<p>Next, you&#8217;ll need to provide your personal information, including your home address and telephone numbers. You&#8217;ll also have to provide your business address and telephone numbers.<\/p>\n\n\n\n<p>When it comes to business details, you\u2019ll supply relevant information, such as your business entity type, trade name or DBA, state of incorporation, annual business revenue, business start date, number of full-time employees, and business industry and sub-industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"After_You_Apply\">After You Apply<\/h3>\n\n\n\n<p>Once you submit your application, LoanBuilder will let you know whether you qualify to continue with the process. <\/p>\n\n\n\n<p>If preapproved, you will receive estimated rates and fees and you can customize your loan amount and term length. Once determined, you can complete a full application.<\/p>\n\n\n\n<p>You will need to submit documentation, which can include business bank accounts. LoanBuilder will also perform a hard check on your credit profile which may temporarily reduce your credit score. <\/p>\n\n\n\n<p>If approved, you&#8217;ll electronically sign your contract before receiving your funds.<\/p>\n\n\n\n\t\t<div id=\"genericloan_1_form\" class=\"fs-slider fs-slider--tooltip search-hero--bg1\"><h3>Compare loans from 79 lenders<\/h3><p>Find the cheapest rate with one click<\/p><div class=\"step amount\">    <div class=\"slider_cont step__value\">\n        <span class=\"fl_l_m_15 amount_display\"><\/span>\n    <\/div>\n    <div class=\"step__slider\">\n        <input type=\"range\" data-default-value=\"500\" data-name=\"param_amount\" \/>\n    <\/div>\n<\/div><div class=\"step stepSubmit\"><a id=\"submitSliders\" href=\"https:\/\/financer.com\/results?query=1&non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" data-slider-url=\"https:\/\/financer.com\/results?query=1&non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" data-required=\"results?query=1non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" class=\"get_results compare button is-primary is-medium is-rounded\">Compare Offers<\/a><\/div>\t\t<\/div><h2 class=\"wp-block-heading\" id=\"How_Financercom_Rates_LoanBuilder\">How Financer.com Rates LoanBuilder<\/h2>\n\n\n\n<p>LoanBuilder is extremely transparent about its fees. It&#8217;s a reputable lending platform built on PayPal&#8217;s reputation, which has been around since 1998.<\/p>\n\n\n\n<p>Another benefit is the <strong>LoanBuilder Configuration Tool<\/strong> which helps you understand what you will be paying for your loan. You can adjust the amount and term length to get a clear understanding of what to expect.<\/p>\n\n\n\n<p>If you use PayPal to process business payments, you can use the PayPal Working Capital Loan or the PayPal Suite of processing tools.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"LoanBuilder_Customer_Service\">LoanBuilder Customer Service<\/h3>\n\n\n\n<p>Before being acquired by PayPal in 2017, Swift Financial already had a solid reputation for top-notch customer service. This standard remains today.<\/p>\n\n\n\n<p>The support team is available Mondays to Fridays from 9 am to 8 pm ET and on Saturdays from 11 am to 3 pm ET. You can reach the customer support team via phone at 1-800-347-5626. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Is_LoanBuilder_Safe\">Is LoanBuilder Safe?<\/h3>\n\n\n\n<p>LoanBuilder is connected to one of the most powerful financial services companies in the world, PayPal, so you know it is a legitimate business lender.<\/p>\n\n\n\n<p>Read more LoanBuilder reviews below or add your own.<\/p>\n\n\n<div class=\"fn_block block_fn_faq_list\"><h3 id=\"LoanBuilder_FAQs\">LoanBuilder FAQs<\/h3><h4>Will applying for a loan affect my credit score?<\/h4><div class=\"faq_inner\">Getting prequalified <strong>will not impact your credit score<\/strong>. If you decide to complete the loan process, credit checks will be done and this may impact your credit score.<\/div><h4>Can I pay off my loan early?<\/h4><div class=\"faq_inner\">Yes. There is no penalty to pay off your loan early. The full fee based on your original loan application will be payable at the time you want to settle your loan in full.<\/div><h4>How do I get the funds?<\/h4><div class=\"faq_inner\">Once approved, your loan will be paid directly into your business&#8217; bank account. This can take place as fast as the next business day.<\/div><h4>Do I need a PayPal Business account to apply for a loan?<\/h4><div class=\"faq_inner\">No. All you need is a business checking account to receive your funds and deduct weekly payments from.<\/div><h4>Do I need to provide a personal guarantee?<\/h4><div class=\"faq_inner\">Yes, a personal guarantee is required similar to many other business loans.<\/div><h4>Who is Swift Financial and WebBank?<\/h4><div class=\"faq_inner\">WebBank is the lender for LoanBuilder and loans are serviced by Swift Financial, a PayPal subsidiary.<\/div><h4>Where do I find the LoanBuilder login?<\/h4><div class=\"faq_inner\">The login for LoanBuilder is <a href=\"https:\/\/my.loanbuilder.com\/login\">https:\/\/my.loanbuilder.com\/login<\/a>.\u00a0<\/div><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"LoanBuilder_Alternatives\">LoanBuilder Alternatives<\/h2>\n\n\n\n<p>Here&#8217;s a list of alternatives to LoanBuilde and how they compare:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-fn-tables shortcode-no\"><table><thead><tr><th>Lender<\/th><th>Reviews<\/th><th>Loan Amount<\/th><th>APR<\/th><th>Max. Loan Term<\/th><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/financer.com\/company\/fundera\/redirect\/\" data-type=\"company_single\" data-id=\"20868\" target=\"_blank\" rel=\"sponsored noopener nofollow\">Fundera<\/a><\/td><td><a href=\"https:\/\/financer.com\/company\/fundera\/\" data-type=\"company_single\" data-id=\"20868\" target=\"_blank\" rel=\"noreferrer noopener\">View<\/a><\/td><td>Up to $5 million<\/td><td>Up to 36%<\/td><td>Up to 6 years<\/td><\/tr><tr><td><a href=\"https:\/\/financer.com\/company\/uplyft-capital\/redirect\/\" data-type=\"company_single\" data-id=\"42816\" target=\"_blank\" rel=\"sponsored noopener nofollow\">Uplyft Capital<\/a><\/td><td><a href=\"https:\/\/financer.com\/company\/uplyft-capital\/\" data-type=\"company_single\" data-id=\"42816\" target=\"_blank\" rel=\"noreferrer noopener\">View<\/a><\/td><td>Up to $500,000<\/td><td>1.12 &#8211; 1.4 factor rate<\/td><td>2 &#8211; 2 months<\/td><\/tr><tr><td><a href=\"https:\/\/financer.com\/company\/nav\/redirect\/\" data-type=\"company_single\" data-id=\"32117\" target=\"_blank\" rel=\"sponsored noopener nofollow\">Nav<\/a><\/td><td><a href=\"https:\/\/financer.com\/company\/nav\/\" data-type=\"company_single\" data-id=\"32117\" target=\"_blank\" rel=\"noreferrer noopener\">View<\/a><\/td><td>Up to $5 million<\/td><td>Vary by lender<\/td><td>Vary by lender<\/td><\/tr><tr><td><a href=\"https:\/\/financer.com\/company\/lendio\/redirect\/\" data-type=\"company_single\" data-id=\"772\" target=\"_blank\" rel=\"sponsored noopener nofollow\">Lendio<\/a><\/td><td><a href=\"https:\/\/financer.com\/company\/lendio\/\" data-type=\"company_single\" data-id=\"772\" target=\"_blank\" rel=\"noreferrer noopener\">View<\/a><\/td><td>Up to $5 million<\/td><td>Up to 24%<\/td><td>Vary by lender<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"More_5KFunds_Personal_Loan_Reviews\">More 5KFunds Personal Loan Reviews<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"What_Users_On_the_Web_Are_Saying\">What Users On the Web Are Saying<\/h3>\n\n\n\n<p>LoanBuilder gets <strong>4.3 out of 5 stars on <a rel=\"noreferrer noopener\" href=\"https:\/\/www.trustpilot.com\/review\/loanbuilder.com\" data-type=\"URL\" data-id=\"https:\/\/www.trustpilot.com\/review\/loanbuilder.com\" target=\"_blank\">Trustpilot<\/a><\/strong>, with users generally feeling happy about the service:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full shortcode-no\"><img decoding=\"async\" width=\"696\" height=\"450\" src=\"https:\/\/financer.com\/app\/uploads\/sites\/11\/2023\/06\/image-3.png\" alt=\"\" class=\"wp-image-44740\" srcset=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2023\/06\/image-3.png 696w, https:\/\/financer.global\/app\/uploads\/sites\/11\/2023\/06\/image-3-300x194.png 300w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/figure>\n\n\n\n<p>LoanBuilder seems to respond to negative reviews and sort out issues as they arise, making them responsive lenders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"More_User_Reviews___Add_Your_Rating\">More User Reviews &#8211; Add Your Rating<\/h3>\n\n\n\n<p>Read more reviews on Financer.com from verified users below.<\/p>\n\n\n\n<p>Have you used LoanBuilder before? <a href=\"#top\" data-type=\"internal\" data-id=\"#top\">Leave your review now<\/a>.<\/p>\n","protected":false},"author":11463,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","categories":[1076],"company_type":[1266],"overall_rating":"3.40000000","_links":{"self":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/company_single\/3913"}],"collection":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/company_single"}],"about":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/types\/company_single"}],"author":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/users\/11463"}],"replies":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/comments?post=3913"}],"version-history":[{"count":50,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/company_single\/3913\/revisions"}],"predecessor-version":[{"id":81483,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/company_single\/3913\/revisions\/81483"}],"wp:attachment":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/media?parent=3913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/categories?post=3913"},{"taxonomy":"company_type","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/company_type?post=3913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}