How can square captal help me build my credit personal or business. To Help me grow to the next leve

[VAsmallbusiness]

I have been getting these loans and its ok but Square loans dont help me get a new food truck or buy my own kitchen or event start my own restaurant. Its mostly patch jobs that is a great help dont get me wrong. I asked a banker I want to get a loan to help expand my business I had no business credit. I told him I get thousands from square and paid them back and he smiled and said square dont help you because they do not report your occomplishment. So we stay as a no body.

[GlassJudy · Accepted solution]

Unfortunately, using Square's Capital program doesn't affect your credit score.  Here's your question asked and answered in the FAQ section of Square's Capital site:

Does a loan through Square Capital help me build my credit score?

A loan through Square Capital doesn’t impact your credit score, either negatively or positively. We can provide a letter of completion after full repayment of your loan, but you will not see an impact to your credit score.

[VAsmallbusiness]

But if Square is for the little guy why not. Loans we get from square is alot why not do more. Square is the first on everything why not this.

[GlassJudy]

I can only assume they're doing what's best for them.  I agree that once you've established your ability to repay a loan, you should be given priority for another, but Square doesn't seem to work that way.

I hope you get another offer soon!

[Regina_B]

Hi @VAsmallbusiness! Regina from the Square Capital Team here, thanks for posting and sharing your experience. At this time, we do not report to the credit bureaus, but I completely understand where you are coming from. We have had merchants like yourself request for us to start reporting. While it is not something we do now, I will be sure to share your request with the rest of my team while we continue to improve our products.