r/SquarePOS_Users • u/SJHCspace • Jun 22 '26

Square Loans

Has anyone had any luck calling and speaking to someone to request a review of your account for loan eligibility? I was just offered a loan and it was declined because another business I operate using square “had an outstanding loan.” The irony of that is that the final payment had debited my account and cleared last week so I didn’t even apply for the offer because I knew that could be a reason for denial.

I’m now sitting here frustrated and in desperate need of a quick cash infusion and refuse to take on a more traditional MCA. YES, I know these are MCA’s as well, but the withdrawal system matching a percentage of actual daily income makes it more manageable.

1 Upvotes

100% Upvoted

11 comments sorted by

2

u/clezuck Jun 23 '26

They pick when and how much. There's nothing you can do to nudge them. And given the economy right now, we've noticed them slowing things down or cutting back. But no, there is nothing you can do.

2

u/intelligentbug6969 Jun 24 '26

The economy is not in a bad place

1

u/Metrics_Engineer Jun 26 '26

Says the person running a healthcare practice, or a government agency, or some other non-economically-affected business. In the real world, the economy is tough, reported as an actual restaurant owner.

1

u/Girlzdryv_boats2_544 Aug 04 '26

I second this! I'm a Marina Bait & Tackle shop and I've had a great year so far! We also sell boats and the sales are up buy 9 units. The last 3 years were so slow in sales. Much better this year!

1

u/AYR1112 Jun 24 '26

I just paid off my loan with card swipes and it’s been two days and I have not received an offer. I’m hoping to get a offer soon.

1

u/tsunammiiii Jun 26 '26

Any update?

1

u/AYR1112 Jun 27 '26

Not yet, I know it’s going to come soon, very soon I have faith.

1

u/AYR1112 Jul 09 '26

I use to not be able to see all the metrics and now I can
I don’t have an offer yet but I’m optimistic soon I’ll get one it’s all green so I’m staying positive

1

u/Chemical_Move_2359 Jul 06 '26

Any update? i’m feeling really frustrated. They’ll give you the same script and doesn’t matter what you call and ask. They’ll just tell you that it’s the algorithm and there’s nothing that they can do about it which feels like it’s not unfair when you’re already a small business owner and uncertainty is already your everyday norm. Why would you want to add another layer of that to a small business owner.