If I pay my loan can I have another loan

ramziq1 — Sat, 20 Sep 2025 12:21:04 GMT

If I pay my loan can I have another loan and how much

Re: If I pay my loan can I have another loan

TheRealChipA — Tue, 03 Sep 2024 17:02:58 GMT

Hey @ramziq1. So the answer to your questions is not exactly simple. But here goes…

Yes, you can receive another loan offer from Square.
Sometimes, the Square Loan algorithm sends offers when we are close to completing our existing loan. But there is no guarantee this will happen, nor when it will happen. Lately, many people have completely paid off their existing loans and then waited weeks or months for new offers to appear. You just have to be patient.
You can’t apply or ask for a new loan offer. When the algorithm decides it wants to send an offer it will, and that’s that. There is no human intervention for this.
No one can tell you what your new offer, if any, will be. It will be based on your card processing volume, your growth rate and many other factors. You won’t know how much until you receive the offer, just as with your first loan offer.

I hope that helps.