How did my square loan offer disappear within 24 hrs?

[Rbaker333]

Hello, I just had a square loan offer yesterday, and when I went to click it today, it was gone? I did a few payment processing today which made the other loan go down more. Is this why the offer went away?

[Candlestore]

@Rbaker333 ;

As I see this is your First post let me welcome you to the Square Forum.

Square has a Loan estimation process based on your Credit Card Sales through Square.  So during busy season I get offers up to $30k, and duing slow seasons I get Loan Offers of $0.00.  My Busy season sales go over $25,000 a month and slow time gets to about $5000 a month in Credit Card sales.  I already had loans at $9000 one week then the next $0.00.  It all depends on your Credit Card Processing through Square.   So Yes square can take away a Loan offer if your CC sales drop or are not high enough to offer a loan.  Just keep getting sales with CC purchases and you will get another loan offer.