thread Re: Square capital paid off - have you then requested a loan from a bank? in Archived Discussions (Read Only)

Square capital paid off - have you then requested a loan from a bank?

Amyrev — Sat, 20 Sep 2025 12:52:56 GMT

I currently have been with square for over 4 years have had 6 loans paid off.. yes they are expensive but the convenience and paperless effort are what attracts me.. I am almost paid off with my last loan and was wondering if anyone has gone to bank for a line of credit instead of using square capital and do you have to switch to the bank for credit card processing or if you stayed with square

Re: Square capital paid off - have you then requested a loan from a bank?

VanKalkerFarms — Sun, 12 May 2019 13:27:20 GMT

I have never used Square Capital, the rates just don't work as it is rather high. We have a 250k revolving line of credit at a bank and nothing had to change, you don't need to switch processors, they just want to make their money on your borrowing.

what I love about the RLOC is that you just hit it when you need it and pay it back. so if you borrow 100k for 25 days you only pay interest on that for 25 days which ends up being very little.