LoanBuilder, A PayPal Service Reviews 5,348

TrustScore 3 out of 5

2.8

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Rated 1 out of 5 stars

I was borrowing money from them for over 5 years with no issues. Never missed a payment and always paid on time. I was a great customer! Everything was good until I cancelled by Chase business checkin... See more

Rated 5 out of 5 stars

We just recently re-upped another short term loan with Loanbuilder. Once again they provided me with an EXCELLENT APR and weekly payments. Niles E. made the entire transaction as easy as possible and... See more

Rated 1 out of 5 stars

This is typical financial company focused on positive reviews ( 'influencers' write a tons of lies about them, making dozens of fake reviews on website like this one ) . The fact is this is rather sca... See more

Rated 5 out of 5 stars

Daniel Sanchez!!! This loan product is priced well and Daniel is a true professional, working to understand your situation and working to find financial solutions that work

Company details

  1. Non-Bank Financial Service
  2. Financial Consultant

Written by the company

LoanBuilder, a PayPal Service, offers fixed-term small business loans to eligible businesses. To learn more or to check eligibility, please visit www.loanbuilder.com. LoanBuilder Loan is serviced by Swift Financial, LLC, a subsidiary of PayPal, Inc.


Contact info

2.8

Average

TrustScore 3 out of 5

5K reviews

5-star
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Hasn’t replied to negative reviews

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Rated 1 out of 5 stars

NOTHING GOOD TO SAY ABOUT THIS WASTE OF TIME!

Wouldn't even give them one star. First, went great..easy to set up 'account' submit everything they needed AND received an e-mail confirming. Heard nothing for a few days so went to my account summary..4/24. Saw that application is under review we will contact you...... Then, heard nothing, figured things were moving along and then, to see if there was any 'update' to the summary' logged in again on 4/28 and told there is currently NO LOAN APPLICATION FOR ... never received an e-mail from them asking for more info. if they needed it, nor ever told 'rejected'...NOTHING. The only way to contact them is while logged in via message so did that with exactly the info. noted above twice. It's now 4/29..have still nothing in summary other than they have no application currently and they have not responded to my info. requests sent through their 'Contact Us' app. Total waste of time..it's not like they never received the info. or how was the account set up and FIRST summary stating review was in progress!!!

April 29, 2020
Unprompted review
Rated 5 out of 5 stars

This was a fast and easy application to…

This was a fast and easy application to fill out. But the best part was that someone actually called and I was able to speak with them about concerns with the offer, options and the process. This was my first time going out to raise capital for our business and it was the best offer of the 3 or 4 we received.

April 11, 2020
Unprompted review
Rated 5 out of 5 stars

Ryan reach out to me about a great loan…

Ryan reach out to me about a great loan opportunity through the SBA PPP. The process was fast, easy and stress free. He was polite and helpful and helped the process move quickly. He even checked in with me the next day.

April 10, 2020
Unprompted review
Rated 2 out of 5 stars

WEEKLY PAYMENTS

Starter one week after funding. Rather than a percentage of PayPal sales this hits you on Friday night, rain or shine. Since the intended use of this was to buy inventory that would not sell for several months (with COVID-19 maybe a looong time) half this had to be reserved for weekly payments. Presently in limbo, only the future will tell.

April 2, 2020
Unprompted review
LoanBuilder, A PayPal Service logo

Reply from LoanBuilder, A PayPal Service

William,

We recognize these times are very difficult for many of our merchants. Please visit https://www.loanbuilder.com/covid-relief to learn about the relief program we are offering.

Best regards to you,
Jamie

Rated 4 out of 5 stars

It was a pretty good experience…

It was a pretty good experience overall. There were a couple of communication issues but it might have been more because of the email server on our side encrypting documents that could not be read by Loanbuilder which resulted in multiple solicitations for the same documents. Other than that, the process was great.

April 2, 2020
Unprompted review

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