Square loan declined at last minute after always paying back months early

Good evening house, 

 

Does anyone have experience with taking out several loans, such as 4 or 5 and always paying them back extremely quickly, and early, due to high sales, and then having a loan cancelled at last minute without cause? 

I have an impeccable record and history with the company. We sell over 200k a year on the platform, and generate a lot of processing fee money.  We were shocked to see we were denied for the most recent loan offer due to violating terms of service. Our sales tax was said to be set too high. When I looked, and when I look every single time, it is always set to each states pre set. If someone can get back to me and help get this situated, everyone will be in a better place. You guys will continue to earn incredible amounts of processing fees from us, you’ll continue to make money off our loans we take out, and we will be happy that we can expand and get more stores, and help make the world a better, brighter and happier place through all natural apothecary products.

 

Thank you for your support and help getting the loans department to look closer and be sure that our sales tax settings are exactly where each state defaults to. 

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Square Champion

This sounds like an issue you'll want to call in and talk to someone about. The people that will be able to help you aren't in these boards.

My Girlfriend's Wardrobe est. 2012

Preston & jayne est. 2023


Downtown York Pa


Square user since 2012
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