LoanBuilder, a PayPal Service is a business loan serviced by Swift Financial LLC, and has been in business since 2008; the company was acquired by PayPal in 2017 in order to help fuel the dreams of more small businesses. The company’s mission is to help businesses get the right funding quickly by letting them design loans that fit their unique needs to get approved based on how they manage their business.
- Reasonable Fees
- Quick Funding Time
- Covers All 50 States
LoanBuilder has a one-time, fixed-fee payment system that is designed to work with businesses. The company has no origination fees, no stacking fees, and no hidden fees as well. LoanBuilder uses your estimated Business Credit Health for free by asking you a few questions about your business and personal credit; the process does not affect your personal credit.
Quick Funding Time
LoanBuilder can deliver funds to you in as little as one business day, which is really fast and convenient for customers. This is a feature that really benefits customers who are needing quicker loans and don’t want to hassle with waiting around to get funded.
Covers All 50 States
LoanBuilder is available to customers in all 50 states. This is very convenient for any customers that want to use LoanBuilder, but aren’t directly near the offices LoanBuilder has in Delaware and Pennsylvania. LoanBuilder is a company that can work with customers all over the country and still best serve them.
Limited Customer Service
LoanBuilder only has two ways for customers to contact customer service. If customers are wanting to know more about LoanBuilder, the only options they have are calling the company’s phone number or emailing. There is no chat feature on the website, which can be inconvenient for customers. Because LoanBuilder has a lack of information on their website, the company would benefit from offering different ways for customers to contact their customer service.
The Bottom Line
LoanBuilder, A PayPal Service does not have a lot of information for customers. The company does have reasonable prices, but there isn’t a lot of information about those prices for customers to look at. LoanBuilder also is able to quickly fund loans, which is really convenient for customers. There is limited customer service though, and the company has not been in business for very long.