PayPal is seeking regulatory approval to establish an industrial bank in Utah, aiming to expand its small-business lending capabilities and reduce dependence on third-party lenders. The proposed PayPal Bank would provide business loans, interest-bearing accounts, and card access, with potential FDIC insurance for deposits. Since 2013, PayPal has issued over $30 billion in loans to more than 420,000 business accounts worldwide, highlighting its commitment to supporting small businesses.