thread Re: 2025 square loans in Banking With Square

2025 square loans

Arminius — Sat, 20 Sep 2025 12:16:19 GMT

85% paid off all green and still no offer, does any know what's going on

Re: 2025 square loans

Minion — Fri, 07 Feb 2025 11:32:07 GMT

Trends from the last year + when it comes to a new Square loan offers seem to be right around your % of minimum 85% plus. Other than the normal continue to swipe cards and pay off that loan you seem to be on the right track given your percentage paid back and your metrics are good.

Re: 2025 square loans

Twpchair — Fri, 07 Feb 2025 11:34:01 GMT

It’s going slow, a higher percentage paid off to completely paid off. It’s been going this way for a good year and a half now. In the old days of 70-75%, you could almost guarantee an offer, unfortunately, it’s not going that way anymore. Most (not all of course) are in the 80s-90s before a new offer. Maybe 1-2 will post I just got an offer at 76%!!! Offers are coming in relatively close to your previous offer. Some may be 2-3k higher a good percentage is lower than the previous. There’s a lot of factors going on and most have nothing to do with you or your business. Lenders have been very tight with lending out larger loans and watching the markets, the interest rate, the economy on the whole. All of which affects us and we are feeling the crunch with loans. Most are people are posting “why is my offer lower and my sales have doubled or tripled”? Hopefully, things swing sooner rather than later. My last 3 offers were 84%, 91% and yes 69%. Consistencies hasn’t been very clear. I’ve been with Square 12 years now and like everyone else 4-5 years ago I could almost guarantee an offer at 70-75% and each offer was larger and larger. It’s just not happening now and hasn’t been for some time. If you were use to a certain % or business has doubled and hoping your new loan offer will continue to grow with it and I am just being honest with just be prepared to not get to excited. I could count on my hands how many people who at least post here who’s offer went up 20k or doubled with their increased sales. When the economy turns around and the rates start to drop hopefully we can get back to normal. Good luck to you and everyone waiting for an offer. I’m now at 84% all green metrics, sales are up, and fact so far this year 2-3 times higher than normal, and yet nothing.

Re: 2025 square loans

Arminius — Fri, 07 Feb 2025 13:27:42 GMT

Last year April I had my last offer and it came in at 68% , even during Covid on worse Square capital came thru .i been with square since 2016

Re: 2025 square loans

Arminius — Fri, 07 Feb 2025 13:32:51 GMT

And on the total of loans that came thru my resturant from square capital is 15 , which it would mark this one 16th if it ever comes hopefully it will

Re: 2025 square loans

Twpchair — Fri, 07 Feb 2025 14:31:20 GMT

April was the one I was offered at 69%! Thank you for sharing that! I follow the trends and that's interesting that's about when it turned around and slowly went higher and higher percentage paid back. From about June till August it was quiet in here with offers. Same for myself, during the peak of COVID my offers were still pretty high and roughly still in the 70s a few at 80 or 81% I am in Michigan, and we had some of the strictest conditions, and one of the last few states to open back up 2 years later! I would have to look back but at the very top, it tells you how you become eligible for another loan. I believe around June/July is when they added the economy, the market, the stock market, and the shareholders section. I just know what I have been seeing for well over a year now and it's a higher percentage paid back and roughly around the same offer as the previous offer. I hate to be the Ole Debbie downer person but I would rather let you know what's been trending rather than say “Well good luck to ya!” I am the positive type person and its been pretty slow. Of course that's not everyone because we are all different, our processing is different, and our volume and dollar amounts. The biggest thing to keep to zero or as little as possible is disputes and chargebacks. That involves a lot of people going back and forth and you as the owner provide everything under the sun to prove or provide all the information. I really hope you are one of the rare ones who gets an offer soon! Good luck and please keep us posted. It really does help others who are waiting for an offer.

Re: 2025 square loans

Arminius — Fri, 07 Feb 2025 14:46:56 GMT

Thank you everyone who chimed in on this convo, and my business location is st.louis mo .

Re: 2025 square loans

marielmt — Fri, 07 Feb 2025 22:12:10 GMT

Hi @Arminius !

Appreciate you taking the time to post.

New offers are not automatically extended when a certain percentage of an existing loan is repaid, but your business may become eligible for a new offer when your existing plan is closer to being repaid. We can’t guarantee a loan offer even if the key factors displayed on the eligibility page show all “Good.”

We will continue to review your account daily for loan eligibility. If you become eligible, you’ll be notified directly on your Square Dashboard and through email.

Hope that helps, please feel free to reach out to us directly if you have any other questions!

Re: 2025 square loans

Bcarnes — Sat, 08 Feb 2025 03:24:11 GMT

Hello!

I’m at 73% and normally I get an approval around 75-80%. Hoping to get an offer soon. Coming out of slow season post holiday as a hairstylist.

Re: 2025 square loans

Twpchair — Sun, 09 Feb 2025 01:48:33 GMT

Hello, I just received one Friday and I believe I was 82% when I looked in the afternoon after my update around 1-3 pm. I didn't receive an email regarding the offer but I haven't been either only in my dashboard. Around 6:30 I jumped on and an offer was there. I did have 3 very busy days in a row and my % paid back went to 84/85% I believe. I accepted it at % I will have to go back and look it could have been a point or 2 higher paid back. I don't take offers in the 60s or 70s if at all possible because I don't want to eat up 30-40% of my new offer. It was 5k higher than my previous offer. All metrics are good. Projected growth increased, new customers grew, and above all no disputes, chargebacks, or returns. It's hard when every one of us is different, we process differently. That's about all we have here is each other and posting our information and following the current trends. Until @Minion cracks that ole algorithm we are it and keeping each other undated. Good luck!

Re: 2025 square loans

Arminius — Sun, 09 Feb 2025 06:55:05 GMT

That’s awesome next I’m happy for you

Re: 2025 square loans

Twpchair — Sun, 09 Feb 2025 07:56:32 GMT

Thank you!! Hopefully, I started a trend! We need this thread to light up with offers! It is way overdue. Good luck to you and everyone waiting!

Re: 2025 square loans

Arminius — Sun, 09 Feb 2025 18:50:52 GMT

From your mouth into gods ears hopefully 🤞 😊 square come thru always , the complaint is always when . It’s a good feeling knowing everything is still ok with square capital

Re: 2025 square loans

Twpchair — Sun, 09 Feb 2025 19:04:16 GMT

You know it! If more people posted and used these sites it would help others see their percentage, a tad higher offer or the same, etc. The like the one above who posted I lurk but wanted to share that she received an offer and 2 others this week posted a new offer higher than the previous and both were approved in under 40 minutes and deposited that night. Unfortunately, mine will be on Monday sometime. My old loan is gone and I rolled over 1,183.00 I believe or close to it. I am ok with that. We did better on Saturday than I thought and today for a short day did well. It's a coming I didn't think till March/April but we have been very busy since late October its almost doubled in sales. Which is good but a day off is needed badly! Good luck and keep on swiping!

Re: 2025 square loans

brown17 — Sun, 09 Feb 2025 20:26:01 GMT

Not ready for a new offer yet but going into my busy time so following thread. Last offer was in October and it was my highest and offered at 62% paid off. I took it because I needed it at the time, so a lot of it went to paying off previous loan. Hoping my next is higher!

Re: 2025 square loans

Twpchair — Mon, 10 Feb 2025 11:43:32 GMT

Mine have been bouncing around since last April. I believe it was 84, 91, and 69 and my last on Friday was roughly 82-85%. I haven't been receiving email notifications of an offer only when I check my dashboard. For the last one, I checked around 3pm (I usually update 1-3 pm) and I updated at I was 82% then I always checked after my 5pm cut-off time and we were extremely busy for 3 days. I could tell by the numbers I probably went up 2-3% and that's when I saw the offer. I took it about 5:30 pm and 20-25 minutes approved. If my math is close looks like around 10% I rolled over. My new loan is up and my previous paid off. I'm usually a Saturday person and deposit hits random on Monday during the day. All metrics were good, sales volume was up, and expected growth, finally new customers vs return customers were up. No disputes, no returns, and nothing in that area. My offer was 5k higher than the previous one which I believe was right around or 1-2k higher. Just sharing my info hopefully it helps others. There are a couple on here in the 70s, more in the mid-80s to upper 80s for their %. Offers seem to be going up and down which is great. Not all, of course, it's hard we are all different, and processes are different. Unfortunately, we have a few around 97% paid off or paid off by now. Thank you for posting and watching what is going on. It's not rocket science and no guarantees because there are none or when or why you were offered what you were. All we can do is keep each other updated and follow the trends. Good luck with yours and it sounds like you pay great attention to your account activities and you might be able to see what or when it kicked in that ole algorithm!

Re: 2025 square loans

Twpchair — Mon, 10 Feb 2025 12:05:02 GMT

The good ole wintertime post-holiday blues. I guess I didn't think about beauty salons or barbershops. I know most here in Michigan hibernate with the animals in the winter 😆 now that I think about it even though we work with the public in the winter I seem to color my hair once and maybe a trim? Not like the spring and summer even the fall too. In the square settings in your profile do you adjust your hours? I don't know if you close on certain days or not. The reason I am asking is because it is supposed to pick off that dip in sales as closed so your metrics don't drop. When we are slow in April and August I am retail furniture and April is usually when people are gone on holiday, between seasons, and usually rains every day or snow. August is back-to-school month and it's just expensive for clothes to supplies. We don't close but my metrics dip for a week or 2. If your metrics dip try that and see if it helps. It takes a couple of days to adjust most say but they maintain better. Good luck and hopefully people will get out and get a fresh cut soon!

Re: 2025 square loans

Deliman — Mon, 10 Feb 2025 22:28:09 GMT

Working on my third loan. I received the last 2 at 77% and 76%. I am at 77% now and all metrics on the dashboard are showing good but it is the quietest time of year making us below average compared to annual metrics. We are a delicatessen/grocery store. I will update when i receive an offer, as I appreciate knowing what others are being offered and believe current info needs to be shared by members to help. I am 7 years with square and consistent sales of 800K annually. Best

Re: 2025 square loans

Twpchair — Mon, 10 Feb 2025 23:17:55 GMT

Hello, thank you for sharing! I just received an offer on Friday and I was roughly between the mid-80s for my percentage. I updated my normal 1-3 pm and 82 or 84% paid off but that was before a very busy day so I believe going off of the day and the previous loan 85-87% paid off. My offer was 5k higher all metrics green and increased in sales, and projected growth was up. New customers up with a mix of returning. No disputes, chargebacks, or returns. I didn't receive any email about the offer I checked my dashboard for the night around 6:30 pm and about 20-25 minutes later approved. The deposit came in today I checked at 2pm and it was deposited. The majority is a higher percentage to completely paid off. Not everyone of course, as we are all different and process different. For a good year and a half, it's been trending this way. I know the metrics come into play but I have seen many others who are slower in the winter or closed for 2 months and they have received offers. The overall health of your business is a good thing with those numbers. For days you are closed or anyone else reading this update your hours in your dashboard so those days with no sales are factors taken into account. Unfortunately, there is no spot for just slow or closed 2 days because of the weather, etc. Just keep processing as much as possible and if you scroll through the thread just about everyone but 2 I believe are 80s-90s. A couple in the upper 70s that's it. My last 4 have been 84%, 91%, 69%, and this one upper high 80s as well. I've been with Square since the loans started and unfortunately, the days of the low 60s-to upper 70s are gone pretty much. On the loan board from 2024, Square gives a better explanation of why. Less rollover means more of your loan as they explain and the overall health of the economy and its worldwide as is Square. Lenders on the whole have been pretty tight on lending for a couple of years. Hopefully, things will swing pretty soon. Good luck to you and I hope you get an offer soon! Best wishes to everyone waiting.

Re: 2025 square loans

Robgrey — Tue, 11 Feb 2025 21:07:18 GMT

Hello, What kind of loan offers are you receiving with consistent sales of 800k? and at what percentages??

Good luck and thank you!