Is Covid-19 affecting loan offers?

Mansellmc · ‎09-18-2020

Is receiving Square Capital being affected by Covid-19? Because my business only closed for a month back at the end of March and has been just as active as it was before. I owe less now than I did when I received a loan offer on my last loan in Jan. 2020. I have equipment that needs to be replaced and a bunch of supplies that I need to order and that will affect my business more than Covid-19. My criteria for receiving an offer is all there. I'm processing, no charge backs, always have the minimum paid way before the next one is due and have new clients and returning clients all the time. I can tell you that my area is running normally. Everyone is following guidelines. Dogs still need to be groomed regardless.

Laura123 · ‎09-21-2020

Hey @Mansellmc, thanks for your post! This question was answered in another thread, please take a look at our response here.

Let us know if you have any other questions!

Laura
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.

Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc. All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.