LoanBuilder Review




LoanBuilder ID Card

Loan typesShort-term business loans
Loan amountFrom $5,000 to $500,000
Repayment Terms13 to 52 weeks depending on loan amount
Top ProCustomizable loan terms (subject to approval)
Top ConCharges relatively higher fees
Best forBusinesses seeking short-term loans

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LoanBuilder, A PayPal Service at a Glance

LoanBuilder, A PayPal Service is a product serviced by Swift Financial, which was acquired by PayPal in September, 2017, with a goal of providing access to funding to more small businesses.  LoanBuilder, A PayPal Service has a unique approach as it gives borrowers freedom to request certain loan terms according to their needs and specific circumstances.  Estimated loan terms are proposed to the applicant, and are approved or rejected according to a range of borrower information including credit and business history, average revenue, and more. Loans can be funded as fast as 1 business day* and are repaid on a weekly basis.

Best for Whom?

  • Unique businesses that need quick access to short-term funding

Prospective business borrowers can build and customize their loans on the LoanBuilder website. The LoanBuilder Configurator enables businesses large and small to have more control when seeking the funding they need for a range of different functions. Subject to lender approval, if an applicant wants lower payments, they could select a longer term, or, if a lower fixed fee is preferred, they could select a shorter term.

  • Businesses with weaker credit scores

Customers who turn to LoanBuilder with lower credit scores could still be approved for funding.  Minimum eligibility requirements for the product include a 550 FICO score, and exploring potential loan options through the LoanBuilder Configurator will not affect the applicant’s credit score.**

Loan Features

When it comes to finding unique financing solutions, customers are in good hands with LoanBuilder, A PayPal Service. The service is designed to help applicants find the right combination of loan amounts and terms, working with them to create the best funding solution to meet their needs. Additionally, the loan’s broad range of funding amounts and short-term repayment periods are a great solution to deal with unexpected costs, expansion projects, or emergency equipment purchases. The award-winning team at LoanBuilder also takes pride in relaying funding decisions generally within 24 to 72 hours. When it comes to paying down the balance, the loan terms require weekly automated repayments while customers benefit from the transparency of the single fixed-fee cost.

Highlights for LoanBuilder:

  • Customizable short-term loans
  • Receive funding as fast as one business day
  • Loans from $5,000 to $500,000
  • Single fixed-fee pricing
  • Fixed weekly loan payments

The Application Process

The LoanBuilder application process is straightforward and begins with answering basic questions regarding the applying business’s finances. This includes information on annual revenues, business and personal credit, and previous credit applications. LoanBuilder applicants must meet the following minimum requirements to be considered for approval:

  • Be in business for a minimum of 9 months
  • A personal credit score of the owner of 550 or higher
  • A business located in the USA
  • Annual revenues higher than $42,000

There are restrictions on which types of businesses are eligible for LoanBuilder. LoanBuilder’s website provides a full list of ineligible businesses, which includes, but is not limited to, gun stores, political organizations, non-profit organizations, and schools.

Loan Terms – Customizable and Transparent

LoanBuilder offers short-term financing options, with loan amounts starting as low as $5,000 and reaching up to $500,000. Subject to lender approval, borrowers can choose their amount on the company’s Loan Configurator and view their repayment in total terms as well as weekly payments.

LoanBuilder provides a single repayment option. Borrowers must repay their loans weekly, with LoanBuilder conducting weekly automated withdrawals on a day preset by the borrower. The cost of the loan is a single fixed-fee that is disclosed upfront and does not change.   There is no origination fee, early payment fee or any other hidden fee. The only other cost is a $20 returned item fee that is only charged if a payment is returned.

Repayment Terms

Repayment is handled as a weekly automatic deduction, for a term from 13 to 52 weeks. Customers may pay off their loans early, but the same fixed fee will still apply.

How Safe Is It?

LoanBuilder protects customer information using industry-standard measures. The company does not sell personal information.

Help & Support

Those that need to contact LoanBuilder can do so by phone or email.  The company does not offer around-the-clock customer service, but representatives are available during business hours, from 8:00 am to 8:00 pm ET, Monday through Friday. They have reasonable response times both via email and total phone wait time.  Overall, representatives are easily reachable and replied to all of our inquiries competently.

Deep Dive into Pros and Cons

Receive funding fastHigher rates
Clear fixed repayment ratesShorter repayment terms
Mobile Access 
Customer builds the loan terms (subject to approval) 


There are a few areas where LoanBuilder could improve its offerings. The loan’s shorter repayment terms mean customers may have to pay higher weekly payments in some cases.

However, the LoanBuilder Configurator made it extremely easy for customers to explore their loan options and have more of a say when it came to setting terms.  LoanBuilder is quite transparent about the terms it provides and fixed repayments make it easy for customers to plan their loan repayment.


LoanBuilder, A PayPal Service makes it quite easy for customers to apply for funding specifically catered to their unique business circumstances.  Apart from enabling prospective borrowers to customize  terms, LoanBuilder’s design effectively helps businesses understand what to expect.  LoanBuilder is an excellent choice for businesses that need short-term cash injections and the flexibility to choose a unique repayment solution with weekly payments.

Physical Address

Swift Financial, LLC

3505 Silverside Rd.

Wilmington, DE 19810

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*Requires credit approval. The lender transfers funds to your business bank account as fast as the next business day if the lender has received the documents the lender asked for and approved the loan by 3:30 p.m. Eastern Time, Monday through Friday (excluding bank holidays).

** Completing the questionnaire will assess your business’s eligibility, allow you to review estimated offers if eligible, and will not impact your credit score. Should you decide to complete the loan application process, credit checks and other public records checks will be performed which may impact your credit score.

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