I've seen a couple people who asked that question 🤔 I tried looking through my loan agreement just to see if anything was in there and I didn't find anything? It doesn't mean that is not a factor. Besides a handful (that at least post) on here. I've notice that they seem to be a true "small" business around 100k ish. I know the numbers don't match when you can pay back or into 130k in fees/loans and not receive another. I've seen others as well over 250k that have seen or heard nothing in months and months. I haven't seen them since around September and believe they moved on I believe as they stated they would. I really don't know I've seen you so many times before and I wish you the best of luck!
How can you even want another loan based on the way square loans work with the fee being a set amount if you are paying it back in 20 days. you barely got the money into you account, lost 6k+ in fees for 20 days of capital that all had to be taken out of your daily income. I have never taken a Square Loan for this exact reason my payoff period would be around 16 days and there is no way that can make financial sense. A Revolving Line of Credit is much better as you only pay interest for the few days you have money pulled out. I just can't wrap my head around these fast paybacks that I am offered and you have just done, I can see it making sense when the payback period is 9 months and a percent of sales or low but for a 20 day or less loan.
