Sole trader loan requirements

[annies74]

Hi i wasnt aware until recently that the minimum loan a sole trader can receive is 25k i was told when opening my square account that the only requirement was to process minimum 10k per year . How much does a sole trader  have to process per year in that case. Thanks for any help.

[Breffni]

Hi @annies74, thanks for your post. 

As we have mentioned in previous threads, many factors affect loan eligibility, but the factors listed on the eligibility page are key factors we consider helping you understand our process. There’s no additional information we can share at this time, and we can’t go into further specifics about program requirements because the criteria we use are proprietary.

We will continue to review your account daily for loan eligibility. If you become eligible, you’ll be notified directly on your Square Dashboard and through email.