Lien on your business?

Does anyone know how long after you pay off your square capital loan does the lien come off your business?

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Square Champion

Hi @eVAPE.  Typically there is no formal lien filed when we take out a Square Loan.  I don’t need to know the details about why you have a lien that was filed, but since this is not something that is normal for Square Loans there is no help that I can find on the subject at all.  You’d need to contact the Square Loan help desk directly using the information at this link.  Also, if a lien was filed you probably received an email or other communication with more information about the lien release 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)

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Square Champion

@eVAPE I should also say that the timing to get a lien released includes more than just Square releasing the lien. That just starts a review process with your local property records administrators and they have their own timeline for removing liens. You need to contact them for more information. 

Lastly, if a lien was filed that will  by law have been reported by your local property records folks to credit agencies. Those usually remain on your credit reports for multiple years. Again you’d need to check with the various credit agencies for more information. 

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!
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Square Community Moderator

Hi @eVAPE 

 

We appreciate your post!

 

Feel free to give us a call at 855-897-1838 between 8am-5pm PT Monday-Friday and we can take a look at your account.

 

Let us know if you have any other questions!

Sammie_C
Community Moderator, US, Square
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