Square loans

[Iria1312]

Has anyone gotten an offer for a new square loan ? 

[ecantiques5]

@Iria1312 

No. Square Capital ended the program without warning. In the process hurt a vast number of sellers that had grown accustomed to that partnership with Square. It has been very sad to see the many posts from sellers that were significantly impacted by this action during such  pivotal time for small businesses.

[Iria1312]

Oh man😭 we were hoping for a miracle 😪

[ecantiques5]

@Iria1312 

Gosh, I  am so very sorry.  It really hurts me to see my fellow small business friends in this unfortunate & selfish situation Square Capital has levied.

One bright side, is when you get your loan fully repaid back, that flat 2.95 or 3.5% coming out of your processed revenue is really a nice thing as opposed to the near 18% you are loosing when you are repaying a capital loan.

I wish you all the best as you navigate your small business  during these days😊

[Iria1312]

That’s what I thought too❤️. I’ll just have to set 18% of the sales aside and learn to do it that way