Welcome to the Tearsheet Podcast. I’m Zack Miller.

In just five years, PayPal’s business financing solutions has serviced over 225,000 small businesses around the world with funding. Between PayPal Working Capital and PayPal Business Loans, the company has recently surpassed $10 billion of capital it’s leant out to SMBs

And when you speak to Darrell Esch, vp of global credit at PayPal, you get the feeling PayPal is just getting started. We discuss this milestone and how PayPal’s lending business has evolved over the past five years. Darell describes how PayPal financing solutions are positioned in an SMB market that’s getting significantly more competitive. Lastly, because PayPal is embedded in its borrowers’ businesses, Darrell shares some data about how businesses perform after tapping PayPal for capital.

Darrell Esch is my guest today on the Tearsheet Podcast

I’d like to thank our sponsor MX for supporting Tearsheet’s work. MX is the leading data platform for banks, credit unions and fintechs, enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data.