https://community.squareup.com/t5/Banking-With-Square/When-will-I-get-a-new-loan-offer/m-p/723995#M2041 <P>Hi&nbsp;<a href="https://community.squareup.com/t5/user/viewprofilepage/user-id/628495">@staceysmith</a>.. For the past year or more, new loan offers have been coming much later than they used to. &nbsp;I’ve fielded questions from other sellers who are waiting until their 90% payoffs and even higher before receiving a new offer. &nbsp;And I’ve seen more than a few who completely paid off all loans and waited weeks, if not months, for new offers. &nbsp;There’s no way to predict this.</P><P>&nbsp;</P><P>It may or may not help to keep in mind that the lending market worldwide is in a crunch right now. &nbsp;Lenders — even card processing merchant loans like Square — are being very conservative and limiting their exposure on their balance sheets right now. &nbsp;This means that new loan offers are coming later than they might have in the past. &nbsp;It also means that many sellers are seeing lower offers even if they have higher card processing volume. &nbsp;Hopefully, the lending market will ease up as 2024 progresses, but of course there are no promises. &nbsp;If you are absolutely hurting and need a loan now, your best bet would be to reach out to a local bank.</P><P>&nbsp;</P><P>Best of luck,</P> Thu, 25 Apr 2024 21:39:42 GMT TheRealChipA 2024-04-25T21:39:42Z https://community.squareup.com/t5/Banking-With-Square/When-will-I-get-a-new-loan-offer/m-p/723982#M2040 <P><SPAN>Hello! I have a current loan with square, and I have paid off a previous loan. My current loan is 78% paid, and I'm hopeful that I might qualify for a new loan soon. Any one have insight into when I might expect a next offer? I am in "Good" standing in all catagories...</SPAN><FONT color="#888888"><BR /></FONT></P> Sat, 20 Sep 2025 12:24:02 GMT https://community.squareup.com/t5/Banking-With-Square/When-will-I-get-a-new-loan-offer/m-p/723982#M2040 staceysmith 2025-09-20T12:24:02Z https://community.squareup.com/t5/Banking-With-Square/When-will-I-get-a-new-loan-offer/m-p/723995#M2041 <P>Hi&nbsp;<a href="https://community.squareup.com/t5/user/viewprofilepage/user-id/628495">@staceysmith</a>.. For the past year or more, new loan offers have been coming much later than they used to. &nbsp;I’ve fielded questions from other sellers who are waiting until their 90% payoffs and even higher before receiving a new offer. &nbsp;And I’ve seen more than a few who completely paid off all loans and waited weeks, if not months, for new offers. &nbsp;There’s no way to predict this.</P><P>&nbsp;</P><P>It may or may not help to keep in mind that the lending market worldwide is in a crunch right now. &nbsp;Lenders — even card processing merchant loans like Square — are being very conservative and limiting their exposure on their balance sheets right now. &nbsp;This means that new loan offers are coming later than they might have in the past. &nbsp;It also means that many sellers are seeing lower offers even if they have higher card processing volume. &nbsp;Hopefully, the lending market will ease up as 2024 progresses, but of course there are no promises. &nbsp;If you are absolutely hurting and need a loan now, your best bet would be to reach out to a local bank.</P><P>&nbsp;</P><P>Best of luck,</P> Thu, 25 Apr 2024 21:39:42 GMT https://community.squareup.com/t5/Banking-With-Square/When-will-I-get-a-new-loan-offer/m-p/723995#M2041 TheRealChipA 2024-04-25T21:39:42Z