Processing a minimum of $10,000 through Square is only one of the requirements. There are many - possibly hundreds - of other factors that go into their decision behind the scenes.

Having frequent transactions is good, as is having high value transactions, low rates of chargebacks, a healthy mix of returning versus new customers, and so on.

How much each of these factors influences the offer is unknown, and never will be publicly revealed by Square. Not only is their algorithm proprietary information (as it is for all banks and other lending institutions) but their algorithm presumably constantly changes as the global financial markets as a whole change and as Square's business strategy and goals change.

So no one at Square would even be able to give a complete and correct answer as to what determines when a Capital offer is made, even if they wanted to.

All that can be said for sure is the "better" you perform - whatever that means - the more likely you'll get an offer. The only real meaning of the $10,000 mark is to let people know that there is zero chance of an offer before then. But after then, the chances of an offer are unknown and unknowable.