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 had been I 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 email notice you received from Square Capital.
We realize being declined for the loan through Square Capital may be disappointing, and we’d want to do our better to increase transparency behind this procedure.
How do I be eligible?
Square Capital is a program that is invitation-only eligible Square merchants. In the event that you received that loan offer in your Square Dashboard, you might be entitled to make an application for a loan. Please remember that each application for the loan is at the mercy of credit review, being qualified to make an application for that loan will not guarantee that the application shall be authorized. You can easily find out more about eligibility in this Assistance Center article, Square Capital Loan Eligibility.
Do you know the grounds for being declined?
There are many different needs that must definitely be met to be able to be eligible for financing.