Hi @Alachic. Per the terms on our Square Loan agreements, if the balance is not paid in full by the 18 month maturity date then Square can (at it’s option) deduct the remaining balance from either our Square Balance accounts or from our linked bank account. I’m under the impression that other arrangements can be made, but this requires a phone call to the Loan Department as outlined in the help document.
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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