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MeetAndGreet · ‎10-13-2023

Does anyone know how to get a loan from square. I'm trying to finish setting up my buisness sited. I need my tax id number, ein number, and business license still and its like $320.

TheRealChipA · ‎10-14-2023

Hi @MeetAndGreet. Square Loans are based up our sales/card processing history with Square. You have to be in business for six months with Square, and have processed $10,000 in card sales to even be considered for one. Also, we don’t apply for Square Loans — they have an algorithm that monitors our sales and sends an offer when it determines we are qualified.

Sorry to be the bearer of bad news, but you’ll need to secure your funds elsewhere. 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)

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!

MeetAndGreet · ‎10-13-2023

I'm trying to start my own business and I need a loan to get my tax id number, ein number, and buisness license.

TheRealChipA · ‎10-14-2023

@MeetAndGreet see my answer to this duplicate post of yours. FYI there is no need to post a question more than once, and doing so is discouraged here in the Community of Sellers.

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!