Your Credit Score and Square Loans FAQ
If you received a Square loan offer and you’re wondering if applying could affect your credit score, please review the FAQ below.
Square Financial Services may perform a soft credit check for the purposes of evaluating your business for future credit offers in addition to evaluating your Square account. Please note, this is a soft credit check and will not affect your credit score. For additional details about our eligibility process, take a look at Square Loan Eligibility FAQ.
No, A Square loan doesn’t impact your credit score, either negatively or positively. We can provide a letter of completion after full repayment of your loan, but you will not see an impact to your credit score.
We don’t automatically supply a letter of completion, but our team can provide one if requested. Please contact us to start your request.
If you would like to opt out of giving Square Financial Services access to your personal credit score for the purposes of evaluating your business for future credit offers, contact us using our contact form. Please clarify that you are requesting to opt out of the credit check.