How long after denial of a prior loan application do you have to wait before you get another off

[MyPeoples]

Yeah I figured, but there should be one. I believe my business has a very healthy processing volume so that’s why I was confused on why it’s been over 2 mths with no new offer. Ik square tries to minimize there risk but I don’t see my situation as one. They can do better.

[perkits]

Not sure of the exact criteria. It may take into account your length in business and consistence in processing (daily) 

We've had 5-6 Square Capital loans and have always paid ahead of schedule.

We close for 10 days in Dec each year. If we have an offer available and don't take it, I've notice it will disappear until

after we've been reopened in Jan for a couple of weeks.

You can find some info here: https://squareup.com/us/en/banking/loans 

[Sammie_C]

Hi @MyPeoples!

Thanks for much for reaching out!

We understand that not being immediately eligible can be frustrating, but we are unable to override the automatic review process with a manual review.

We are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another loan.

If you’re eligible for a new loan, you’ll be notified directly on your Square Dashboard and via email.

If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. We determine eligibility based on many factors including your processing volume and Square history. To learn more about Square Loan eligibility, visit our Support Center.

Hope this information helps and let us know if you have any questions!

[SmokedBBQ]

The canned and scripted responses from Square truly make my skin crawl.  It’s completely disrespectful and delivers a message that they don’t care amount the people who keep them in business.

Removing the human element from a life line for small businesses and running everything with algorithms and scripts is cold.  And it stands in direct contrast with Jack’s motto of empowering people.  What’s happening to this company?