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Will I still be able to get a loan with reserves on my account

So currently I'm at 77% payoff of a $19,000 loan at the time of the current loan I did not have reserves placed on my account somewhere in the middle of this loan I got reserves placed will I ever become eligible for another loan with reserves on my account

Jonathan bates
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Square Community Moderator

Best Answer

Hey @JayzMasterMech,

 

That's a great question. Having a reserve on your Square account affects your loan eligibility.

 

You can learn more about Square Loan Eligibility here.

View Best Answer >

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HI @JayzMasterMech 

 

I'm not exactly following what you are referring to with reserves placed on you account.  

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




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Square Community Moderator

Best Answer

Hey @JayzMasterMech,

 

That's a great question. Having a reserve on your Square account affects your loan eligibility.

 

You can learn more about Square Loan Eligibility here.

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Square Champion


@RobynR wrote:

Hey @JayzMasterMech,

 

That's a great question. Having a reserve on your Square account affects your loan eligibility.

 

You can learn more about Square Loan Eligibility here.


 

Thanks for the link.  I've never heard the term reserve before in association with a loan.

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.




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