Business Type Not Available for loan when have always been before

[royalphotos]

I actually paid off my loan today. Usually I always have an offer out there but this year nothing. I went to just look to confirm loan was paid off and shows not eligible for a loan and I saw a popup that my business type was not eligible for a loan when I have had 5-6 loans in the past few years and always paid them off within 8-9 months, and showing in the green on all of their trend markers. Anyone have this issue yet and how to resolve it? If my business type is no longer available for loans, I would like to know so I can move onto other service provider that it is.

[Stacelyn24]

I know this can be frustrating but it might not have anything to actually do with your business.  It could be the economy at this time.  A lot of banks are not offering and approving loans since our economy is still fighting inflation.  Also check your average retail ticket.  For example if your average sales for a month was $10,000 and now your average sales are $8,000 this might interfere with you receiving an offer.  You can always contact Square Customer Support who may have more information on this as well.  Hope this helps 🙂