Hi @Hailey96544. Square Loans are based entirely on credit/debit card processing volume. This is because Square Loans are basically merchant advance loans that are automatically paid back with a fixed percentage of each card transaction, which allows Square to ensure that they are getting repaid regularly. If you are not processing credit/debit cards you can not qualify for a Square Loan. Also, we can not apply for a Square Loan. Loan offers, if we are eligible, come automatically. It seems like you’ll need to reach out to a traditional lender (bank, etc) for your needs.
I wish you well.
Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)
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