Loan/grant questions

[threepaths]

Hello, I am starting up a business where we provide several things: various healing modalities, counseling, and also sell some handmade jewelry products. I am looking for a loan or hopefully a grant to purchase some items we need to set up our space. Can you please guide me as to the best place to start? As I said I'm hoping for a grant, but a loan would do. We are looking for around ten thousand or a bit less.

Thank you!

Jen

[JJ_]

Hello there @threepaths

At this time Square Financial only offers Loans for qualifying Sellers processing with Square. Currently, there isn't a process to apply for one.

Thank you for your interest!

[threepaths]

What do you mean qualifying sellers processing with Square?

[JJ_]

What this means is that Loans are only offered based on qualifications that Square Financial Services has stipulated. They can't be applied for at this time.

[threepaths]

Okay thank you. When will I be able to apply?

Jen

[JJ_]

At this time there is no news regarding Sellers being able to apply for loans.  Thank you for your interest.

[Gabby]

Our business was open just about 3 years processing approx $100,000 a year before we were offered our first loan for $8000.  When we were about 68% paid they offered another one for $11,500.  Currently at 64% paid in 4 months and waiting to see what they will offer next 🙂

[wajiha · Accepted solution]

There is no process or application. The loan is kind of like an invitation only loan. You'll see it in your dashboard or email. Then it's up to you after that if you want to take the square offer or not. Hope this helps at this time 😀