loan paused when business closed

Ambers11 · ‎07-05-2022

is there a way to pause your loan without penalty if you closed your business

TheRealChipA · ‎07-05-2022

(Edited 7/5/22 by me)

@Ambers11 Square reached out to you below. As such, my thoughts and advice are no longer relevant. I wish you the best as you navigate this tough time. I’m sorry that you are having to deal with this.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a possible "best answer." I hate the term, and wish we could just mark posts as "helpful." But this is our only mechanism at the moment. Just remember "Best answer" should be interpreted as "helpful," and nothing more. LOL. "Best" (ugh) answers help folks possibly find solutions to similar problems they are hoping to solve.

jules72 · ‎07-05-2022

Hi @Ambers11,

Thanks for reaching out!

We know running a business is hard work, and there may come a time when you want to sell or close your business. Please contact us if you are planning on closing or selling your business and your business has an outstanding Square loan.

To learn more, visit our Support Center.

Jules
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.

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