I need a loan of $5,000 to buy inventory. 99% of my sales are processed by PayPal.
PayPal Working Capital is offering me $5,000 for a one time fee of $245 plus 30% of my sales until the $5,000 is paid off. Time frame is estimated at between 5 and 6 months. This sounds like a good deal to me. No financing to fight about and kinda pay-as-you-go. I don't have to worry about getting buried under payments.
But, is it to good to be true?
Thanks again, Tom