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Does Square Loans use my transactions paid by check or cash to qualify me for a loan?

I receive many types of payments along with pos and online invoicing for my products all are logged into square by paid invoices  does square capitol use these payment amts when determining loan amts or qualification 

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Square Community Moderator

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Welcome back to the Community, @recordaca

 

Your Capital repayment would only be taken from your card payments. The other types of tender (cash, check, etc) don't pass through Square, so we cannot take out a percentage for payback. 

Kassi
Community Moderator, Square
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Square Community Moderator

Best Answer

Welcome back to the Community, @recordaca

 

Your Capital repayment would only be taken from your card payments. The other types of tender (cash, check, etc) don't pass through Square, so we cannot take out a percentage for payback. 

Kassi
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
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Super Seller

DId you every find an answer to this?  I've been curious of the same. Like you I do all of my invoices via square, and then record the payment in Square if they don't use a debit or credit card, if its cash or check as it's just much easier to keep track of everything in one program. 

 

 

Dan
Scorpion Coating Plus,LLC
Square Super Seller
Check out Square support center for additional help.
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