Loan Builder Logo

Loan Amounts


$5,000 - $500,000

Loan Term


13 to 52 weeks

APR Range


24.83% - 49.94%

Min. Credit Score



Editorial Rating

Loan Builder Logo

Editorial Rating

LoanBuilder Reviews

Advertiser disclosure This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners.

Loan Amounts


$5,000 - $500,000

Loan Term


13 to 52 weeks

APR Range


24.83% - 49.94%

Min. Credit Score





No origination fee; $20 returned item fee

Funding Time


24 hours

Years in Business


9 months

BBB Rating



Min. Revenue


$42,000 a year



All 50 states + DC

Loan Builder Logo

Editorial Rating

Are you a business owner having trouble finding quick money loans?

Then LoanBuilder may be the alternative option for you!

In our LoanBuilder review you will find the following information:

  • What is LoanBuilder and who it is best for
  • How to apply for a LoanBuilder business loan
  • The terms and requirements for a LoanBuilder business loan
  • LoanBuilder reviews by business owners
  • The pros and cons of getting a LoanBuilder loan
  • The costs associated with a LoanBuilder loan
  • Frequently asked questions (FAQ) about the PayPal service LoanBuilder

What Is LoanBuilder?

Loan Builder is a business lending platform and its parent company is PayPal Inc.
In 2017, PayPal acquired Swift Financial, which is why the company is sometimes referred to as PayPal LoanBuilder or Swift Financial LoanBuilder.

LoanBuilder is a lending option for business owners in the need of funding solutions.

Who Is LoanBuilder Best for?

LoanBuilder is best for business owners who need emergency funding.

There aren’t a lot of qualifications to apply, though the loans offered are short term.

LoanBuilder enables convenient loan requests and the option to borrow money online.

Getting Started with LoanBuilder

To check if your business is eligible for a LoanBuilder loan, you need to fill out a free application on the LoanBuilder official website.

The following information needs to be filled in the online questionnaire:

  • Business name
  • First name and last name
  • Phone number
  • Email address
  • Primary loan purpose:
    – Buy out business partner(s)
    – Cash flow for delayed accounts receivables
    – Cover personal obligations (non-business purpose)
    – Leasehold improvements or expansion
    – Marketing
    – Opening a new location
    – Pay off or consolidate other business debt
    – Payroll
    – Pay vendors, bills or rent
    – Purchase another business
    – Purchase current business location
    – Purchase equipment or vehicle
    – Purchase inventory
    – Repair or maintenance on equipment or vehicle
  • How did you hear about this product?
  • Home address, city, state, zip
  • Business address
  • Business phone number

Once you have entered the basic information, you will also need to provide further details about your business, such as:

  • Business entity type
  • State of incorporation
  • Total business revenue
  • Business start date
  • Number of full-time employees
  • Business industry
  • Business sub-industry

Lastly, you will need to verify your identity.

You will also be able to choose the loan amount and the loan amount term.

After you have entered all of the requested information, you will be able to view loan offers and check the estimated annual percentage rate of the loan and the total repayment amount.

Checking if you are eligible and viewing the loan costs won’t affect your credit score.

A hard inquiry or a hard pull will be done on your credit report only after you have signed the loan agreement.

During this time, what most business owners need to know is:

Is PayPal doing PPP loans?

LoanBuilder Paypal isn’t accepting payroll protection program applications currently, as you can see if you follow this PayPal PPP link:

Paycheck Protection Program loan support

Who qualifies for a PPP loan?

According to the U.S. Small Business Administration, the following entities are eligible for a  Paycheck Protection Program loan:

  • Any small business concern that meets the organization’s standards
  • Any business, non-profit organization, veterans organization, or Tribal business concern of the Small Business Act) with the greater of:
    500 employees, or
    That meets the SBA industry size standard of more than 500
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs fewer than 500/location
  • Sole proprietors, independent contractors, and self-employed.

At the moment, PayPal is analyzing the new Covid Relief Bill, involving how it may affect the loan forgiveness process for current PPP loan borrowers, as well as PayPal’s capacity to ease access to extra PPP loan funding.

Due to that, LoanBuilder can’t give any further information until the Bill is officially enacted and the SBA comes up with rules, guidance, and instructions on the implementation of the Bill. As soon as new information emerges, LoanBuilder will publish it on its website. 

Terms & Requirements

Here are some of LoanBuilder’s loan requirements:

  • Your business must be located in the 50 states + DC.
  • Your business must have been at least 9 months operational.
  • Your business must have at least $42,000+ in annual revenue.
  • Your business must be in one of the eligible industries.
  • Your business shouldn’t have any active bankruptcies.

The minimum loan amount is $5,000.

The maximum loan amount is $500,000.

The term length can range between 13 and 52 weeks.

The business owner applying must have a minimum credit score of 620.

The PayPal business loan rates range from 6.49% to 19.4%.

The PayPal LoanBuilder loan is repaid weekly. The payments will be withdrawn automatically from your business bank account.

There is no need to need to open a PayPal business account to receive the loan, all you need is a business checking account.

Lastly, this business financial lender requires a personal guarantee.

User Reviews

We read as many LoanBuilder reviews as we could and we will sum up the good and the bad things people had to say about their experience with this platform.

Here are the good LoanBuilder reviews from business owners about applying for a loan with LoanBuilder:

  • The application process is fast and easy.
  • Transparent pricing.
  • Quick loans.
  • The staff is helpful, professional, and patient.
  • It is a better experience than getting a loan from a bank.

And here are the bad things business owners had to say about applying for a loan with LoanBuilder:

  • The inquiry hurt the personal credit score of the business owner.
  • High fees.
  • Customer service is not responding to calls or emails.
  • Even if you pay off the loan early, the full interest fee still needs to be paid.
  • Bad loan renewal policies.

LoanBuilder PayPal reviews:

LoanBuilder Reviews
(Image Source: TrustPilot)

LoanBuilder Reviews
(Image Source: TrustPilot)

LoanBuilder Reviews
(Image Source: TrustPilot)

LoanBuilder Reviews
(Image Source: TrustPilot)

LoanBuilder Reviews

(Image Source: TrustPilot)

PayPal LoanBuilder reviews are highly positive. The company has a 4.8-star rating according to more than 5k user reviews.

LoanBuilder Rates & Fees

The loan approval, amount, and pricing depend on the credit history of the business owner and the business.

If you are getting a loan from the LoanBuilder market place, then you will only have a single fixed fee.

There is no origination fee either.

The only other fee (in addition to the single fixed fee) is a $20 returned payment fee.

Privacy & Security

Swift Financial collects the following information about you:

  • Contact information
  • Financial information
  • Social security number
  • Demographic information, etc.

The information is used to:

  • Assess your eligibility for a loan
  • Provide you with customer service
  • Verify your identity
  • Send you information about the product and services they offer (marketing)
  • Personalize content, etc.

Your information will be shared with:

  • Lenders
  • Their subsidiaries or affiliates
  • Advertising partners
  • Other third parties.

You have the option to unsubscribe from newsletters sent by Swift Financial. You can also opt out of interest-based ads.

And lastly, you should be aware that lending marketplace platforms need to share your data with third parties to match you with lenders.

While LoanBuilder takes security measures, they are not responsible for how your data is secured by third parties.

This is the case with all lending platforms — no electronic transmission or storage of data is fully secure.

Customer Support

LoanBuilder customer service can be reached via email or phone.

Final Verdict

Now, let’s sum up our LoanBuilder review with what we liked and what we didn’t like about applying for a business loan with LoanBuilder.

What we liked the most is that LoanBuilder is a good option for business owners who need a short term loan. There aren’t many requirements and the application process is pretty simple. It is probably the best way to borrow money if you need a quick and short loan.

Borrowers also have the option to create an account and use their PayPal LoanBuilder login credentials or their PayPal account credentials.

The LoanBuilder calculator allows borrowers to estimate the costs of their loans. For example, you can cut your monthly payments by selecting a longer term, or you can cut your interest by selecting a shorter term.

What we didn’t like is that a personal guarantee is required and there will probably be some financial implications or a lien for nonpayment. Though we couldn’t find any info on the website about their collection practices, some reviews confirmed that they did place a lien.

Borrowers also need to have a good credit score and proceeding with the loan request can damage it. So, LoanBuilder is definitely not the place for business owners looking for unsecured loans for bad credit.

If you do meet the requirements, there is no harm in checking if you are eligible for a loan.


  • Low borrower requirements
  • Business owners can borrow money online instantly
  • Cost estimate calculator
  • Fast and easy application process
  • Up to $500,000 loan amount
  • No PayPal account required
  • Single fixed fee only + late payment fee


  • Potential impact to credit score
  • Some industries are ineligible for the LoanBuilder loan.
  • Full interest needs to be paid upfront
  • Even if the loan is paid off early, the full interest needs to be paid off
  • A personal guarantee is required
  • 13-52 weeks loan term
  • A lien is one of the implications of non-payment
Loan Builder Logo

Editorial Rating


What is PayPal LoanBuilder?

LoanBuilder is a service by PayPal offering short term loans for business owners.
By simply filling out an online form, business owners can check if they are eligible for a loan without damaging their credit score.
LoanBuilder is the best comparison tool for business loans.

Will applying for a business loan from LoanBuilder affect my credit?

Filling out the online questionnaire to check if you are eligible for a loan and viewing the multiple loan offers won’t damage your credit score.
If you, however, decide to proceed with the loan application process, then a hard inquiry may be performed on your credit report which can impact your score.

Is it difficult to get a loan from

LoanBuilder has a long list of business owners that aren’t eligible for a loan.
Yet, if you are among the industries eligible for a loan, getting a loan should be a simple process.
There aren’t many requirements for getting approved.
Borrowers in the United States need to have been in business for at least nine months and they need to be generating at least $42,000 in annual revenue. The business shouldn’t have any active bankruptcies and the owner applying needs to have a credit score of at least 620.

Do I need a PayPal account to get a LoanBuilder business loan?

Even though LoanBuilder is a PayPal service, a PayPal account is not required for a loan. Borrowers need to have a business checking account where the loan will be transferred. The business checking out will also be used to pay off the loan.

How can I contact LoanBuilder’s customer service?

Customer service can be contacted by LoanBuilder phone number given on the website, or by email.

Is my information kept secure when I apply through LoanBuilder?

LoanBuilder will take measures to keep the information they have collected about you secure.
Having said that, it is important to note that there is no guarantee that your information will be 100% secure. Your data will further be shared with other parties and LoanBuilder is not responsible for how those parties protect it.
We do, however, believe that LoanBuilder takes the protection and security of your data seriously.

How does LoanBuilder compare to other lenders?

Unlike other lenders, LoanBuilder is a marketplace for business loans only.
There are, however, other lending platforms that offer various types of personal loans, including business loans.
These other platforms are partnered with large authorized lenders and can also match business owners with the best available lenders.
Before you decide which lending platform to go with, check out some more LoanBuilder reviews, as well as our reviews of other online lenders.
Some of the top loan connection companies that we have reviewed that offer business loans are:

• Guide to Lenders
• LendingTree
• Credible
• AmOne
• EvenFinancial