$10 Billion In Small Business Loans; PayPal's Latest Milestone

By Staff Reporter - 30 May '19 16:41PM
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  • $10 Billion In Small Business Loans; PayPal's Latest Milestone
  • (Photo : getty images)

The small business lending market is booming and it's not the traditional banks that are benefiting. Fintechs are leading the way. Case in point: PayPal.  It hit a milestone, announcing it has provided more than $10 billion in loans to more than 225,000 small businesses around the globe.

The $10 billion mark comes a little more than five years after PayPal made its first loan. Today it has issued more than 650,000 loans through financing programs in the U.S., UK, Australia, Germany, and Mexico

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