Square Loan denied

[Taycakegirl]

I have had quite a few loans from square. My last loan was denied because I closed my other business so “sales decreased”. I finally was able to completely delete that square account but still no square loan. That was back in July. Has there been a decline in loan offers? 

[Minion]

HI @Taycakegirl 

Square still is giving out loans.  I doubt that there has been much a decrease to be honest.  Even though I really hate to ask since I'm not a fan of it, but are your metrics all god for your current business?

[Taycakegirl]

Hi Minion, 

yes they have all been good besides 

Account activity

Needs work

Factors like payment disputes, prior loan applications, and your history with Square

[Minion · Accepted solution]

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@Taycakegirl wrote:

Hi Minion, 

yes they have all been good besides 

Account activity

Needs work

Factors like payment disputes, prior loan applications, and your history with Square

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Hey @Taycakegirl 

Yeah I think then once you get that on metric back up , increase sales some with the one business, hopefully you will see another offer come in shortly afterwards.  

[Taycakegirl]

There has been a drastic increase in sales. But still nothing. Thanks for your help 

[Minion]

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@Taycakegirl wrote:

There has been a drastic increase in sales. But still nothing. Thanks for your help 

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That's good to hear.  I hope that your sales continue to increase even more, and hopefully you will get an offer sooner than later!