Earned Line of Business Credit

[Ashlemoon]

I used Square's debit card instead of my bank, and now I went a year without building credit through a bank.

I need access to working capital, not a loan.

But square doesn't offer that. And now I can't produce bank statements to prove my income. 

Which means my business suffers as a result of using Square's debit card. I can't access the line of credit I need.

Please offer a business credit card.

Over $50000 in sales, yet I can't get a line of credit as it's all through square.

So square needs to hook me up!

[Donnie-M]

@Ashlemoon I am pretty sure with the square debit card you still have statements or some type of online transaction record as well as your reports from your seller dashboard and your taxes you filed for your business at the end of the year.  You can also check your dashboard as square does offer square capital loans.  

I am not sure I quite understand the difference between working capital an a loan though, regardless of how you use the money, access to a credit line for working capital versus a loan that you hold in reserves and use as needed would be the same in my eyes.  Yes you have to start repayment on the loan, but when you access a credit line you also pay.

[Kassi_]

Welcome to the Community, @Ashlemoon -

I am in the same boat as, @Donnie-M. Could you give both of us some more insight on what you mean by "capital, but not a loan"?

More information will give me the ability to confirm if something like this already exists or this is in fact a Feature Request. 

I will keep an eye out for your reply👀.

[MayaP]

Hi @Ashlemoon ,

We want to be able to assist you. Can you provide some more details?

Thank you.