Hi I was wondering if anyone was getting new capital loan offers? We have stayed on top of our payments throughout Covid 19 and are 81% paid off. Wondering what the future holds
Thanks
Posted 12-01-2020
Hello @Oxbow,
Thank you your question.
While offers through Square Capital may be available to some businesses, we are still actively making updates based on the current state of COVID-19 and changing public health guidelines. The status of restrictions and reopening in your location and industry may impact your eligibility.
We understand that funding is important to businesses now more than ever, and we are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another loan through Square Capital.
If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. To learn more about Square Capital eligibility, visit our Support Center.
If you’re eligible for a new loan through Square Capital, you’ll be notified directly on your Square Dashboard and via email.
If you have any additional questions, please contact us.
Hello @Oxbow,
Thank you your question.
While offers through Square Capital may be available to some businesses, we are still actively making updates based on the current state of COVID-19 and changing public health guidelines. The status of restrictions and reopening in your location and industry may impact your eligibility.
We understand that funding is important to businesses now more than ever, and we are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another loan through Square Capital.
If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. To learn more about Square Capital eligibility, visit our Support Center.
If you’re eligible for a new loan through Square Capital, you’ll be notified directly on your Square Dashboard and via email.
If you have any additional questions, please contact us.
Nope I have had 6 loans paid them all off early and have done about 75% of of my sales still with COVID and I haven’t gotten an offer been paid off since sept
I'm currently at 96% paid, usually I get a new offer bout 85%. Nothing! I'm really frustrated too! I've had about 12 loans over the past years. Never an issue. Paid back in advance. Not sure what is going on with square capital.
Ya Im starting to worry to. We have hit 82% paid 5 loans never late always paid ahead. Our busy season is summer and we were shutdown alot of it. My business counts on the loan to get through winter. Some other businesses Ive spoke with suggested switching to paypal. Have you heard anything?
Still haven't heard anything. My husband and I spoke just this morning about it. My loan is at 98% now. Less than $300 left. If I don't receive an offer soon, We are seriously considering switching to Paypal too. I really like square but I have to go where the help is. If I get an offer, I'll definitely let you know.
Please do keep me posted
Hi!
Just wondering if you have heard anything yet?
Best Wishes!
Joe
Absolutely nothing. I called square, they said they are still lending but i really don't think so. Hopefully they'll start again for the new year.
Wow ,I"m so sorry to hear that. And if you don't mind saying I assume you're at 100% by now?
I am at 96%. Jan payment already made through sales
I have had only two loans so far myself. Yet I am not getting offers as of right now 05/25/2022
Hello @Oxbow,
Thank you your question.
While offers through Square Capital may be available to some businesses, we are still actively making updates based on the current state of COVID-19 and changing public health guidelines. The status of restrictions and reopening in your location and industry may impact your eligibility.
We understand that funding is important to businesses now more than ever, and we are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another loan through Square Capital.
If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. To learn more about Square Capital eligibility, visit our Support Center.
If you’re eligible for a new loan through Square Capital, you’ll be notified directly on your Square Dashboard and via email.
If you have any additional questions, please contact us.
They are still lending I have received a couple of offers since reopening in May it took a few months but I did get an offer and the offers have been adjusted a couple of times due to the amount of productivity I’m in Texas I have not accepted a new loan yet as our Business is up and down right now and if we get shut down again not sure we can make the payment on time. But I know it is there if I really do need it. So it helps.Keep the Faith Guys they are helping us !!!
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