If your business currently has a loan through Square Capital, it may become eligible for a subsequent loan offer when your existing loan is close to being fully repaid. Once you pay off a certain portion of your current loan, Square Capital will automatically re-evaluate your business’s loan eligibility.
You do not need to contact us or provide any additional information to become eligible for a subsequent loan offer. We look at many factors about your business that we already have to assess your eligibility, including the payments you process through Square and your history working with us. This prevents you from having to fill out any long forms or significant paperwork, which means you have more time and resources to dedicate to running your business.
If your business is eligible for another loan offer through Square Capital, you’ll be notified by email and your loan offer will appear on the Capital tab of your online Square Dashboard.
If you need additional assistance, contact the Square Capital team.