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Has anyone gotten an offer within the last 2-3 months? I switched to Square from PayPal last October, and have done ~$40k since and still no offer. I surpass all of the requirements but still get the “not eligible for square capital” message.
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Hello, yes I received a new square capital loan less than a month ago. Long story short, I’ve processed with square for six years and when I first started I received the initial loan and then received five additional renewals. Randomly after my sixth loan, I didn’t receive another offer for almost 2.5yrs. I tried emailing square capital and I’d always get told to continue processing. I maybe wrong but I’ve come to discover that Square Capital looks for more than just the $ your processing. I think they look for business owners who utilize the other features that square offers Ads, marketing, your responses to feedback, square invoicing, as well as being a part of the square community by answering other businesses questions, etc. also if you happen to have any outstanding Square invoices that are outstanding for a long time (delete them or change the date.) I can’t guarantee that this will get you an offer but I can guarantee that it will help.
best of luck!
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Thanks for adding your experience and perspective here, @Dvcarwash1!
Community Moderator, Square
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