thread Re: Square Loan denied in Banking With Square

Square Loan denied

Taycakegirl — Sat, 20 Sep 2025 12:17:03 GMT

I have had quite a few loans from square. My last loan was denied because I closed my other business so “sales decreased”. I finally was able to completely delete that square account but still no square loan. That was back in July. Has there been a decline in loan offers?

Re: Square Loan denied

Minion — Tue, 14 Jan 2025 01:12:13 GMT

HI @Taycakegirl

Square still is giving out loans. I doubt that there has been much a decrease to be honest. Even though I really hate to ask since I'm not a fan of it, but are your metrics all god for your current business?

Re: Square Loan denied

Taycakegirl — Tue, 14 Jan 2025 13:33:43 GMT

Hi Minion,

yes they have all been good besides

Account activity

Needs work

Factors like payment disputes, prior loan applications, and your history with Square

Re: Square Loan denied

Minion — Tue, 14 Jan 2025 14:09:01 GMT

@Taycakegirl wrote:
Hi Minion,

yes they have all been good besides
Account activity
Needs work
Factors like payment disputes, prior loan applications, and your history with Square

Hey @Taycakegirl

Yeah I think then once you get that on metric back up , increase sales some with the one business, hopefully you will see another offer come in shortly afterwards.

Re: Square Loan denied

Taycakegirl — Tue, 14 Jan 2025 14:12:28 GMT

There has been a drastic increase in sales. But still nothing. Thanks for your help

Re: Square Loan denied

Minion — Tue, 14 Jan 2025 14:56:48 GMT

@Taycakegirl wrote:
There has been a drastic increase in sales. But still nothing. Thanks for your help

That's good to hear. I hope that your sales continue to increase even more, and hopefully you will get an offer sooner than later!