I would like to get another square loan
My current loan only has 300 left to pay back but I tall need the money now. Do I need to pay the 300 first or can I just add money to that one? Thank you
I currently have a square capital funding loan. I still owe $1584.18 on it. The tourists season just started up again this weekend and sales have greatly increased. I am interested in getting another loan. Do I need to pay this one off first? Am I eligible for more money this time? My business relies on tourism and our season just kicked off this weekend so sales have already increased.
Hello Elizabeth and Tammy,
Square decides which merchants are eligible to receive additional funding. Usually, they will automatically notify you via email and in your Square dashboard if you’re eligible. However, if you urgently need the money and/or have questions, you can contact Square to see if they will approve you for a second advance. Some customers get second advances after they’ve made significant progress in paying off the first advance.