Anyone else with a restaurant have a capital loan through square? We when got the loan I thought it was sales and not card sales. Then I saw the first payment. Square is taking payment off card sales which if the server takes a tip on the card sales and that money doesn’t belong to the restaurant. This is a little shady. Restaurants are already having a hard time regrouping from Covid. I’ve paid like 3 months of payments already. Yes it does mean I will payoff faster but seems predatory. Just saying. My hopes in posting this is to help any other businesses that are thinking of getting this type of loan don’t do it!
