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Are you Declined for the Loan through Square Capital?

Monday, March 2nd, 2020

Are you Declined for the Loan through Square Capital?

We appreciate your fascination with Square Capital. You better understand the credit review process if you were recently declined for a loan through Square Capital, the following information may help.

Why had been we declined after getting an offer?

You requested after you apply for a loan through Square Capital, your application goes through underwriting and verification processes to determine whether your business qualifies for the loan. The reasons that are specific application had been declined are available in the email notice you received from Square Capital.

We realize being declined for the loan through Square Capital may be disappointing, and we’d love to do our better to increase transparency behind this procedure.

How do I be eligible?

Square Capital is definitely a program that is invitation-only eligible Square merchants. You are eligible to apply for a loan if you received a loan offer in your Square Dashboard. Please remember that each loan application is susceptible to credit review, being entitled to submit an application for a loan will not guarantee that the application shall be authorized. You can easily find out about eligibility in this Help Center article, Square Capital Loan Eligibility. (more…)