PayPal now offers PayPal Financing Pro, a new solution for Revenue Based Financing (RBF) to obtain a loan calculated on the basis of the company’s performance, which will then be repaid according to its turnover.
PayPal is expanding its offer for French VSEs and SMEs. In this sense, the American online payment giant has announced the launch of PayPal Financing Pro, a new Revenue Based Financing (RBF). This mechanism makes it possible to obtain a loan calculated on the basis of the company’s performance, which will then be reimbursed according to its turnover.
With this device, PayPal promises VSEs and SMEs to grant financing “in just a few minutes”. The amount of credit granted by the American firm is capped at €130,000 for new customers and €160,000 for regular customers. Repayments for these loans are taken automatically from each sale proceeds, based on a merchant-selected repayment rate of 10-30% per sale.
PayPal Financement Pro is aimed in particular at the 57% of managers of French VSEs and SMEs who have not obtained financing due to the requirements of financial institutions, according to a YouGov study for PayPal. In addition to France, this new solution, which complements the payment and commerce platform dedicated to VSEs and SMEs, PayPal Commerce Platform, is also available in the United States, Australia, the United Kingdom, Germany and the Netherlands. Low.