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 we declined after getting an offer?
Once you make an application for a loan through Square Capital, the application passes through underwriting and verification procedures to find out whether your organization qualifies when it comes to loan you asked for. The reasons that are specific application was declined are available in the email notice you received from Square Capital.
We comprehend being declined for a financial loan through Square Capital may be disappointing, and we’d choose to do our better to increase transparency behind this technique.
How do I become eligible?
Square Capital can be an invitation-only program for eligible Square merchants. You are eligible to apply for a loan if you received a loan offer in your Square Dashboard. Please take into account that each loan application is susceptible to credit review, and being eligible to make an application for a loan will not guarantee that the application shall be approved. You can easily find out about eligibility in this Assistance Center article, Square Capital Loan Eligibility.
Which are the known reasons for being declined?
There are many different requirements that really must be met so that you can be eligible for that loan. A number of the good cause of decrease include but are not restricted to: