thread Re: Square Loans - Question about choosing loan $ amount in Banking With Square

Square Loans - Question about choosing loan $ amount

UncleRed99 — Sat, 20 Sep 2025 12:07:28 GMT

Hello all
I've taken advantage of the opportunity to obtain funding, as a sole proprietor, using Square's Private Loan program.

However, this time around, I've received a Loan offer that, while I'm grateful for, sincerely do not need nor can I afford the loan fee for. I also noticed, the slider stops at a minimum borrowing amount.

Is there anyone who might could shed some light on the reason why Square places a minimum required borrowing amount when offering a Loan? I don't need as much as the offer bottoms out at. It's too much to borrow and too much to pay in the loan fee. However, as a sole proprietor, with some things going on involving the business that need dire attention, in the form of $$$ to "fix" those issues, I would prefer if I could choose my loan amount, instead of being forced to take a specific amount...

Re: Square Loans - Question about choosing loan $ amount

Sammie_C — Fri, 08 Aug 2025 17:27:33 GMT

Hi @UncleRed99, thank you for posting on the Square Community!

You bring up some great points. I am going to go ahead and tag in a few of our Square Loans Specialists, who would be more than happy to shine some light on this for you.

@marielmt, @Abby_M, would you all be able to help this seller out, please?

Also, just to let you know I moved this post from our Square Checking board to the Square Loans board. Just to keep everything organized.

Re: Square Loans - Question about choosing loan $ amount

Abby_M — Fri, 08 Aug 2025 22:09:45 GMT

Hi @UncleRed99

Thanks for reaching out

Thanks for providing your feedback. I will pass it along directly to the Square Banking team. Unfortunately, the fee rate associated with your loan offers cannot be adjusted, keep in mind we can’t reduce your business’s current loan offer.
The minimum loan amount reflected on your offer page is the lowest offer that’s currently available to your business.

Feel free to reach out to us directly if you have any additional questions!