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Will a UCC filing against my business for equipment financing deny me?

I have had several square capital loans and will be up for a new offer soon. I have a UCC filing for an equipment financing loan from June. Will square deny my loan because of this?

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Community Team

Hi @celavirb!

 

Appreciate you taking the time to post.

 

After you apply for a Square loan, your application goes through underwriting and verification processes to determine whether your business qualifies for the loan you requested. We review every loan application on a case-by-case basis, independently from any previous loan. Please keep in mind that each loan application is subject to credit review, and being eligible to apply for a loan does not guarantee that your application will be approved.

 

Feel free to reach out to us directly if you have any additional questions!

marielmt
Square Loans Team
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Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc. All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.
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