Hi guys, Curious if anyone has had experience with square loans lately. This is my down season. My current 8k loan has been paid down to 90% in less than 4mths. I usually get an offer by now but am getting nervous it might not happen. Last year the November loan I was offered helped me get through the winter. I noticed my sales are down from last November, maybe that’s why? I know it’s random and they say it’s a computer system that reviews every 7-10 days. Just wondering if there is anything I can do to potentially help my situation or if someone has been in a similar circumstance and was still offered one?
MCAs are the equivalent of a payday loan for the business world. They’re (unwittingly) doing you a favor by not letting you stack them. Do whatever you have to do to figure out your business cash flow so you can pay this one off and never do it again. Or… figure out how to exit this business as it’s not sustainable.