Hey @mho0808a. Every situation is different. Here is a link with direct contacts to the Loan folks. I know folks with seasonal businesses who, during the off season, just paid the minimums every 60 days. Since you’ve stated publicly that you are considering leaving Square for another processor, however, you’ll need to reach out and see if they will make arrangements since you’ve also stated that you won’t be processing cards with Square. That’s very different than being a seasonal business, and so I wouldn’t assume anything since our loan contracts state that Square can — at its discretion — call any loan immediately due and payable. Good luck.
Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)
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