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Can I pay off the remaining loan early and in a few days give another loan?

If I prepay off my loan early can I ask for another loan for example if I have $5,000 remaining and I pay it off a few days later can I get another loan? Or is there a waiting period before you can apply for another

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Square Community Moderator

Hey there @10scot -

 

Welcome to the Community! 

 

Paying off your loan doesn't guarantee an another loan automatically becoming available. It depends on account history and other factors before it is issued. 

 

You can reach out to our Capital team directly, if you'd like to discuss your loan account. 

 

Use this link to get your Customer Code and Phone number to call - http://squ.re/contact/

 

(Tip: after clicking the link above, hit More > I Don't See My Issue. There, our phone number will generate along with your customer code).

Kassi
Community Moderator, Square
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