thread Have There Been Any Updates to Square Loan Eligibility? in Banking With Square

Have There Been Any Updates to Square Loan Eligibility?

Inductionfreddy — Fri, 14 Nov 2025 17:29:03 GMT

The title of this thread has been edited by a Square Moderator from the original: New system

Everyone good morning! we’re just hoping to get a discussion going on squares new set up and things I’ve noticed that on their loan page it no longer says you need to pay at least 3/4 of your existing loan off to qualify for a new loan and I know they’re changing fees and everything with everybody else’s opinion?

Re: New system

Sammie_C — Fri, 14 Nov 2025 17:24:42 GMT

Hi @Inductionfreddy, thank you for your post and your observations!

I am going to tag in a couple of our Loans experts on this to see if they have any knowledge of this change. @marielmt and @Abby_M, do you all have any insight on these changes? Has anything with loan eligibility changed at all?

I was able to find this Square Loans Eligibility support page if you would like to take a look over that too. It should have the most up-to-date information on eligibility.

Please let us know if you end up having any other questions in the meantime.

Re: New system

Inductionfreddy — Fri, 14 Nov 2025 17:28:57 GMT

This was mostly just the start conversation when everybody’s opinions are but this may be part of the new changes that are coming maybe perhaps you’re no longer required to pay at least 3/4 maybe they reevaluate you even sooner than that I know, especially with slower seasons here a lot of people are probably also thinking about similar things

Re: Have There Been Any Updates to Square Loan Eligibility?

Abby_M — Fri, 14 Nov 2025 17:47:12 GMT

Hi @Inductionfreddy

Thanks for posting on the Seller Community.

Eligibility and offers are based on a variety of factors including payment processing volume, account history, and payment frequency. 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 do not have a specific timeframe for when another loan offer may be available.. While you are not currently eligible for an offer, your account is automatically reviewed daily to determine eligibility. Offers are based on many factors, including, but not limited to, your current payment processing volume, your customer mix, and your Square account history.

If you have any other questions, please feel free to contact us directly!

Re: New system

Sammie_C — Fri, 14 Nov 2025 18:50:22 GMT

Thank you for chiming in, @Abby_M! And I appreciate it, @Inductionfreddy! I just wanted to make sure any questions you may have had were answered.

If any other Sellers want to chime, please feel free. Please let us know if anyone has any other questions.