Would like to have a new loan offer through square

[Gailgirl66]

I have had several loans through square and always paid off early, my state is not restricted on covid regulations and would like to know when I will receive a new offer

[Goldneye · Accepted solution]

HI, did a quick Google search and found these Square Support pages, hopefully they will help.

https://squareup.com/help/us/en/article/6087-becoming-eligible-for-another-loan-through-square-capit...

https://squareup.com/help/us/en/article/6479-square-capital-loan-eligibility

[Kellimartone1]

curious about my elgibility for another loan since my loan is more than current and 71% paid off.  Is there anything more I can do? 

[PartyManiaMD]

Generally not because they want to se a history of sales and only a few months isn't enough to typically establish enough CC data to ensure you'll bw able to pay the loan back reliably enough. Plus many businesses that are seasonal typically have sales spike for a few months before dropping A noticable amount.

I know it sucks but keep an eye on your loan eligibility and best of luck, in a world with so much credit out there it's brutally hard to get credit when you actually need it the most.

I'm on my second loan and Square has literally helped save my business, it's not a perfect solution but it's still a suprr helpful tool once you qualify.

[KGD1]

Only a few months but processing large numbers. Has anyone had success in getting an expedited Square capital offer without waiting the 6 months?

[_Violet]

Hi @KGD1 - I see this is your first post in the Seller Community so I'd like to officially welcome you! 🎉👏

I went ahead and merged your post to an existing thread where other Square Sellers have discussed this topic as well. We merge duplicate conversations together to keep like comments in one place, and to make it easier for others to find the thread in the future. 

Thank you for coming in to assist here, @PartyManiaMD! 🙏