Hey Seller Community,
We appreciate your patience while waiting for an update about PPP Round 2! Applications for second loans through Square Loans are now rolling out, and applications for first loans through Square Loans are expected to become available in March.
Due to demand for PPP loans, we’re slowly rolling out access to applications in batches to make sure we can manage processing applications. So, it’s possible you might not get access right away. The current batches consist of sellers that received a PPP loan through Square Loans in the first round.
We want to make sure all the small businesses that we serve have a fair shot, so we cannot expedite applications to any one seller at this time.
Once applications are ready, you’ll get an email and a Square Dashboard notification if you’re eligible to apply.
Check your Square Dashboard to see if you’re eligible to apply.
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.
Thanks for the update! Still waiting to see the application. I’m eligible, and got my first round with you! Thanks again.
10 Years of Coffee in Bellevue
Don't wait for square. I went to my local bank, on Monday after the PPP opened, and I got funded yesterday.
If you are serious about needing a PPP, don't wait for square. I love my local bank for many reasons! Go local, get the help you need from the communities who will be sad to lose you.
Earlier I saw your post about EIN Mismatch.
I also had the same situation. Sole Proprietor, they used my SSN for 1st draw. Applied 2/17
I've tried other lenders, but everything points back to Square fixing it.
What was your timeline like? Is your funding complete?
Perhaps you cannot expedite any one individual business, but you CAN let people know if they are NOT going to be able to apply with you! Week 1 ends tomorrow and there is no reason I should not have been able to apply already!
I do want to say my experience with Square was wonderful last time you guys made the process easy and painless ,I will also join the ranks of those waiting for Square to apply for the PPP loan , I will be looking out for the email to let me know all the details THANK YOU
I believe everyone's experience the first time was great, has nothing to do with the serious issues they are having now and fail to respond to..
Submitted my application today, the process was so easy. Can’t wait to hear back on approval for Cafecesura.com
10 Years of Coffee in Bellevue
I got Round 1 as well, no link up to date 2/6/2021 Saturday.
I saw someone got the Forgiven application, how come I don't have one yet? Please advise where I can find it?