Hi @Itislv,
We understand that not being immediately eligible can be frustrating.
There are other factors of your business that are also reviewed to determine eligibility. Please be aware that aspects of your processing history, such as failed debits, chargeback history, and changes to your processing behavior may impact potential eligibility for loan offers.
There is no specific information we can share at this time because eligibility is based on a unique formula, but keep in mind that we evaluate accounts as a whole. We balance different factors of your business that may positively and negatively affect your business’s eligibility for an offer. To learn more about Square loan eligibility, visit our Support Center.
If you become eligible again, we’ll notify you directly through email and your Square Dashboard.
If you have any other questions, please feel free to contact us directly.
Jules
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.
Square, the Square logo, Square Financial Services, Square Capital, and others are trademarks of Square, Inc. and/or its subsidiaries. Square Financial Services, Inc. is a wholly owned subsidiary of Square, Inc. All loans are issued by Square Financial Services, Inc. a Utah-Chartered Industrial Bank. Member FDIC. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. All loans are subject to credit approval.
