How can I become eligible for another loan?

[ashleighdardar]

[The title of this thread has been edited from the original: Another Square Capital loan]

I paid off my first square capital loan within 3 months. How can I become eligible for another loan? 

[isabelle]

Hi @ashleighdardar!

Thanks for posting in the Seller Community.

Take a look at our article, Becoming Eligible For Another Loan Through Square Capital. This should answer your questions.

Happy holidays! ✨✨✨

[Candice5040]

I know that everyone gets offers at different times.. I have had 5 loans and currently I am at 81% and haven’t had an offer yet. A friend just got a offer and she was only at 75%.. just wondering when everyone is getting offers nowadays? I’m hoping to get one soon! 

[bobrisse]

I have had new offers at 50% and up, guess it all depends, currently im at 84% and am waiting.

[Teatalk18]

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[Glamourfur]

A few weeks ago I got approved for another capital loan before fully paying off my current one. We are adding on to our business and my contractor under priced the build of course. So I only took out a little of the new loan offer and not the full offer amount. Can I change that now? 

[ashc]

Hey @Glamourfur! Welcome to the Community.

I moved your post to an existing thread on how to become eligible for another loan.

As for anything account-specific, you'll want to reach out to Capital directly by phone or email to ask about your current plan. 

[rzrshop]

@ashleighdardar @Glamourfur since your loan has been paid off when you go under your capital tab does it just show your closed loan payment history or did it reset its self?  All I see is my closed loan history and trying to make sure that is how it should look

[rhaeclore]

I have received my first loan and I'm making payments. How can I borrow more money?

[Hk27]

How much of your square capital loan has to be paid to receive another

[Kbso11]

I’ve in the past had to be at least 75% paid before I was offered another. It also could be more than 75%.  It’s all based on eligibility factors. Who knows though for sure. In my eligibility factors every one is in good standing, I’m 77% paid and I don’t have another offer. Hope you get another soon but just keep processing. 

[ElleySapp]

I am about 30k over what they said was required for an offer. I can't find any email to request a loan. Any ideas?

[rzrshop]

I process about 40k a month and only have had 1 offer in a year

[Izzycin41]

I got approved for my first loan back on 2018 , paid satisfactory, and I havent been offer any other loan by square I've processed alot of money , I'm thinking switching to another server this is ridiculous. 😡

[rzrshop]

I agree, that really gives me doubts now since I havent been offered since 4/19 and I also process alot

[Baileysntpls5]

When am I I eligibility for another capital loan 

[Bkuss2]

How do I get a loan

[aftwcedarkey]

Is Square still offering Square Capital Loans? We paid off our 12th loan in 6 years in July and have not had a new offer. Tried calling only to get the standard response.. cant give it any info, keep processing and all that.