Hi @Mtc12. Congratulations! Here are a few things to keep in mind regarding Square Loans.
- Patience is king here. Offers come when they come. There is nothing we can do to speed them up. When Square’s system determines that it can send out an offer, it will.
- I want to clarify something. The $10k milestone has to do with card processing volume, not sales. For the purposes of loan offer evaluation, Square does not include any cash sales — only credit and debit card sales.
- Other key factors besides card processing volume are how regularly you process card transactions and how consistently. This kind of data takes time to build. Your customer mix is also important, as is what Square projects your growth to be over the next year or so.
I wish I could tell you that all you have to do is “check” a few boxes and voila, here’s your offer. But if you keep processing, you will eventually see one as long as your business is otherwise eligible. If you haven’t seen it, here’s a Square FAQ article with other information.
Best of luck,
