Square Loan Eligibility - External Bank account

rzrshop · ‎10-01-2021

[The title of this thread has been edited from the original: SQUARE LOAN/CHECKING ACCOUNT]

Does square look at your link bank account to be eligible for square loan?

VanKalkerFarms · ‎10-01-2021

Square uses the info it has on what you have processed thru Square and when and how often etc. It is not based on external info.

Bob Van Kalker
My Van Kalker Farms Garden Center Facebook page
My Rise'n Roll Bakery Schererville Facebook Page
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My Rise'n Roll Bakery Cedar Lake Facebook Page

Cameron_ · ‎10-06-2021

Hi @rzrshop,

Thank you for your question and being part of the community.

For Square Loan eligibility, we automatically look at many factors about your business that we already have access to, including the payments you process through Square and your history working with us. Keep in mind that for current payment processing, we evaluate the card payments you process on your Square account. Currently we are not able to utilize payments processed through a third party, Cash App, cash/check payments or external bank accounts.

If you’re eligible for a new loan, you’ll be notified directly on your Square Dashboard and via email.To learn more about Square Loan eligibility, visit our Support Center.

If you have any questions, please free to contact us.

Cameron
The Square Banking Team
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