Oops! I applied for the wrong Capital amount!

[jampff]

I have had a Square Capital offer sitting in my dashboard for months, and never needed it till now. I just applied, and was approved, for a loan amount that's roughly a quarter of the max I was offered.

The application and approval was on Friday night. Of course, I haven't actually received the deposit yet because of the weekend.

After taking another look at the equipment I need to purchase, I realized that I needed to ask for a bit more (not much). The total I actually need is still much less than half of the offer that's been sitting in my dashboard for months.

My question: is there a way to edit the loan amount, or is it too late? I haven't actually received the money yet. And if there is a way, how do I go about it?

Thanks so much for any help!

[Gam1]

From my experience you can’t change the amount anymore after you submitted. 

[Helen · Accepted solution]

@jampff I escalated this to our Capital team and for your privacy a member of the Capital team will email you today with more information. If you haven't already please also review this new post about Square Capital - Community Expectations. 

Thanks for your patience in the meantime! 

[jampff]

Thank you, Helen! I already received that email from the Capital rep, and it was helpful... As was the post you mentioned above. Thanks for clarifying!

[Helen]

Great! You're very welcome! 😀