Square loans

[annies74]

At this time, your business is not eligible for a loan offer. We are unable to extend an offer because your business is not eligible for the minimum loan amount that we can provide to your business entity type.

 I have just received this response from square regarding loan. Has anyone heard of this before. This wasnt what i was told before moving from my previous provider so im very confused. Im a beauty therapist. I was told as long as minimum 10,000 was taken in 12 months etc. all of my eligibility factors are at green so im a bit confused. Thanks for any help everyone 

[Breffni]

Hi @annies74,

I'm sorry to hear about the confusion regarding the loan offer.

Loan eligibility with Square is determined based on various factors, and it's assessed on a case-by-case basis. Unfortunately, specific details about individual accounts, including loan eligibility criteria, are not accessible here in the Community.

We want to support your business as much as we can, and we regularly assess the eligibility of our sellers for Loans. If your business becomes eligible, you will find loan offers on your Square Dashboard.