If we currently have a square capital loan -- can we still qualify for a PPP loan?

tlo74 — Thu, 04 Feb 2021 23:22:52 GMT

Does anyone know the above? If we currently have a square capital loan -- can we still qualify for a PPP loan?

Re: If we currently have a square capital loan -- can we still qualify for a PPP loan?

VanKalkerFarms — Tue, 09 Feb 2021 18:34:56 GMT

Someone from @kpay1 would have to confirm, but I see no reason a PPP loan wouldn't be available if you have a Square capital loan. It is possible it couldn't I suppose but then you could qualify thru your bank or other lending institution. To the government, there wouldn't be an issue as you can have loans while qualifying for PPP.

I have not used Square Capital, though have lots of offers, and I did not do either of my business PPP loans thru Square though so there could be other info I don't know.

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If we currently have a square capital loan -- can we still qualify for a PPP loan?

Re: If we currently have a square capital loan -- can we still qualify for a PPP loan?