Small businesses have always faced the same brutal truth: banks don't want to lend to them. They're too risky, the loan amounts are too small, and the paperwork is too expensive relative to the ...

Earlier in December, PayPal applied to establish PayPal Bank, a Utah-chartered industrial loan company that would offer FDIC-insured savings accounts, expand small‑business lending, and reduce its ...

The online payment service Paypal enables small businesses to send electronic payments without a credit card and receive electronic payments without a merchant account. Because Paypal can connect to ...

PayPal can be used like a bank in some ways, with tools for spending, saving and accessing cash — but it’s a fintech company, not a regulated bank. Some PayPal funds are FDIC-insured up to $250,000 ...

PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses. The company said Monday that it filed documents ...

PayPal Holdings, Inc.'s recently announced its pursuit of an industrial loan company charter to increase its alignment with emerging small and medium-sized business lending and digital payments ...

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

Entrepreneurs trying to grow their businesses cite enduring challenges in getting loans from banks, whose vetting processes are often glacial, and frequently result in rejection. News this week ...