We appreciate your fascination with Square Capital. If perhaps you were recently declined for a financial loan through Square Capital, the following information might help you better comprehend the credit review procedure.
Why ended up being we declined after getting an offer?
You requested after you apply for a loan through Square Capital, your application goes through underwriting and verification processes to determine whether your business qualifies for the loan. The reasons that are specific application had been declined are available in the e-mail notice you received from Square Capital.
We comprehend being declined for a financial loan through Square Capital could be disappointing, and we’d love to do our best to increase transparency behind this technique.
How do I be eligible?
Square Capital is definitely a program that is invitation-only eligible Square merchants. If you received that loan offer in your Square Dashboard, you will be entitled to little money key apply for that loan. Please take into account that each application for the loan is at the mercy of credit review, being entitled to make an application for a loan will not guarantee that your particular application will be approved. You can find out more about eligibility in this Help Center article, Square Capital Loan Eligibility.
Which are the good good reasons for being declined?
There are many different needs that really must be met to be able to be eligible for that loan. A number of the reasons behind decrease include but they are not restricted to: