Ability to Edit typed notes
The ability to edit
As Michael Grant mentioned in the comments, you can edit text by selecting the text and then tapping the “T” icon. Here is an FAQ article with more information: http://feedback.squidnotes.com/knowledgebase/articles/501213.
Michael Grant commented
You can. Select the note and hit the T in the top of the window. You can do what you want to the typed note. Change the text, the color, the size, even delete it.