thread Re: Square Loans and Declined Transactions in Banking With Square

Square Loans and Declined Transactions

mrAs — Sat, 20 Sep 2025 12:25:45 GMT

Does anyone know how deeply a declined transaction impacts receiving a Square Loan? I am near a loan offer (I hope) and my partner tried to withdraw too much from an atm and I am concerned about it delaying it.

Re: Square Loans and Declined Transactions

Minion — Tue, 06 Feb 2024 17:19:04 GMT

Hi @mrAs

No actual first hand data to provide to you on this, but I just really can't see how trying to pull money from your square balance at an ATM would have any effect on a new offer whatsoever.

Re: Square Loans and Declined Transactions

mrAs — Tue, 06 Feb 2024 17:24:27 GMT

Yes, they say that failed debits impact the loan process.

Re: Square Loans and Declined Transactions

Minion — Tue, 06 Feb 2024 17:30:59 GMT

@mrAs wrote:
Yes, they say that failed debits impact the loan process.

well , learn something new. In that case, maybe someone else will chime in with first hand experience of this. Hopefully though that the impact is minimal in the process for you.

Re: Square Loans and Declined Transactions

Sammie_C — Wed, 07 Feb 2024 22:13:06 GMT

Hi @mrAs,

Thank you for your post!

Feel free to give us a call at 855-897-1838 between 7am-5pm PT Monday-Friday and we can take a look at your account.

Let us know if you have any other questions!

Re: Square Loans and Declined Transactions

mrAs — Wed, 07 Feb 2024 22:36:30 GMT

The problem is when we follow your advice and do that, we are usually give the same response every time, as in no one on your end seems to know what causes a loan to be generated or keeps one from being generated, and away tick the hands of time... down the drain...lol.