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?
What’s the rate on these loans?
It’s not an interest rate, it’s a flat rate and they repay themselves back with 15% of your daily sales. My loan fee was $1000 for 8k