how do you get a square loan

Hailey96544 · ‎03-02-2024

if you get paid in cash or on cashapp or by cash how can you qualify for a square loan. i have cash app statements and yearly payroll statements. i can prove my business income. that isnt a problem i just need a loan im in some trouble and i kind of need a loan its a emergency

Hailey Rowcliff

TheRealChipA · ‎03-03-2024

Hi @Hailey96544. Square Loans are based entirely on credit/debit card processing volume. This is because Square Loans are basically merchant advance loans that are automatically paid back with a fixed percentage of each card transaction, which allows Square to ensure that they are getting repaid regularly. If you are not processing credit/debit cards you can not qualify for a Square Loan. Also, we can not apply for a Square Loan. Loan offers, if we are eligible, come automatically. It seems like you’ll need to reach out to a traditional lender (bank, etc) for your needs.

I wish you well.

Chip

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