We appreciate your fascination with Square Capital. If perhaps you were recently declined for the loan through Square Capital, listed here information can help you better comprehend the credit review process.
Why ended up being we declined after getting an offer?
When you make an application for that loan through Square Capital, the application goes through underwriting and verification procedures to ascertain whether your online business qualifies when it comes to loan you asked for. The reasons that are specific application had been declined are available in the email notice you received from Square Capital.
We comprehend being declined for the loan through Square Capital could be disappointing, and we’d love to do our best to increase transparency behind this procedure.
How do I be qualified?
Square Capital can be 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 take into account that each loan application is at the mercy of credit review, being qualified to submit an application for that loan will not guarantee that your application will be approved. You can find out more about eligibility in this Assistance Center article, Square Capital Loan Eligibility. (more…)