May 13th, 2021.


eBay has gone into the business of lending directly to its small business sellers, offering loans of anything between £500 and £1m to SMEs.

In doing so, eBay is parking its tanks on the lawn of former subsidiary PayPal, which already offers quick loans to small business users.

PayPal has also been aggressively growing its lending business, with an outstanding loanbook of $2.7bn at the end of the first quarter.

The move also puts eBay in competition with Britain’s less-well-capitalised high-street banks that target small business customers. By way of comparison, eBay’s $41bn market capitalisation is about 50 per cent higher than that of NatWest, the UK’s largest small business lender.

eBay says its same-day loan service is needed to help its 300,000 small business users bounce back quickly from the pandemic.


For the full story at smallbusiness.co.uk CLICK HERE.