PayPal makes $1b in small-business loans in first two years of launch

PayPal makes $1b in small-business loans in first two years of launch

The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, 2015. REUTERS/Robert Galbraith

PayPal Holdings Inc, the online payment processor, said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span.

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