Capital pending

I have used square for 7 years now and always use square capital for my business growth. It’s been amazing over the years. Recently I got another offer, accepted the offer, sent in tax forms for confirmation as per request and going on a week on square capital in pending status. I haven’t experienced this before. Has anyone else seen this to be a new normal? 
thank you in advance for any input. 

1,627 Views
Message 1 of 5
Report
4 REPLIES 4

From what I've been seeing on these forums, it is usual for Square to require more financial info for later loans. How many loans before they ask for the info seems to vary depending on personal numbers and various outside market forces.

 

I've heard people saying they generally get a decision within 2 weeks. But I wouldn't be surprised if they're a little busier with applications at the moment due to the holiday season starting up.

1,604 Views
Message 2 of 5
Report

@Dmears1515 Did you end up getting funding?  

1,539 Views
Message 3 of 5
Report

I did eventually receive funding about 10 days after accepting the offer. 

1,528 Views
Message 4 of 5
Report

Question for clients who have had multiple loans, is it correct that since my loan has been paid off when I click the capital tab on dashboard all I see is my old loan pay history?

1,520 Views
Message 5 of 5
Report