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- Dec 31, 1969
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Wow. No matter how you slice it, $3 million per day is a lot of money in short term loans. 
PayPal said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span. PayPal Working Capital is extending short-term loans totaling more than $100 million per month, or $3 million per day, to a mix of sellers on eBay Inc and standalone small- to medium-sized merchants.
PayPal said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span. PayPal Working Capital is extending short-term loans totaling more than $100 million per month, or $3 million per day, to a mix of sellers on eBay Inc and standalone small- to medium-sized merchants.
