We appreciate your fascination with Square Capital. You better understand the credit review process if you were recently declined for a loan through Square Capital, the following information may help.
Why was 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 particular reasons your application had been declined are located in the e-mail notice you received from Square Capital.
We realize being declined for a financial loan through Square Capital could be disappointing, and we’d want to do our best to increase transparency behind this procedure.
How do I be qualified?
Square Capital is definitely an invitation-only program for eligible Square merchants. In the event that you received that loan offer in your Square Dashboard, you’re entitled to submit an application for that loan. Please remember each loan application is at the mercy of credit review, and being entitled to make an application for a loan will not guarantee that your particular application will be authorized. You can easily find out more about eligibility in this Assistance Center article, Square Capital Loan Eligibility.
What are the grounds for being declined?
There are numerous demands that needs to be met to be able to be eligible for financing. Continue reading “Have you been Declined for a Loan through Square Capital?”