Hi @Mtc12. Square does not consider either personal or business credit reports in the loan approval process. So there is no worry on that front. The information they requested is required by the federal Patriot Act that requires Square to verify the identification of people receiving loans. It’s the same as what is required to open bank accounts anywhere in the country.
Having said that, Square Loan offers are not pre-approved. They never have been. Now that you have accepted the offer, Square will do a final and more comprehensive review of your account and transactions with them, and if everything looks ok in that manual review then you will receive your funds.
Here is a link to a helpful Square Loan help article. There are lots of helpful links there about the entire loan process.
Good luck.
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 solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!
