thread Re: When will I receive another Loan offer? in Banking With Square

When will I receive another Loan offer?

Kristaburgg — Sat, 20 Sep 2025 12:26:26 GMT

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

I paid off my first loan with perfect on-time payments. Never missing a payment.. this month Was my last payment to pay off.. how long should I expect to wait to get another offer to get another loan??

Re: Square loan

Minion — Sun, 07 Jan 2024 12:25:49 GMT

Congratulations on paying off your square loan! As far as another loan offer, there is no set time to wait or guarantee that you will receive another loan offer. If you made a manual payment it could take up to 7-10 days to fully process that payment before an offer is generated.. Other than that, it really is just continue to do business as usual and processing payments with Square.

Re: Square loan

TheRealChipA — Sun, 07 Jan 2024 12:32:08 GMT

Hi @Kristaburgg. Unfortunately, there is no perfect answer to your question, nor a satisfying one. Square Loan offers are triggered by regular reviews of our accounts and activity and when the algorithm determines it is time for another offer, one arrives. There is nothing that we can help you do in the seller community, and Square employees won’t be able to accelerate this, either. For most of 2023 I saw lots of similar threads here where sellers had paid off their loans then waited weeks, if not months, for new offers.

I can offer some context, however. Even a cursory reading of economic news reveals that the worldwide lending market is being very conservative right now. All lenders are being very cautious about when they offer loans and especially how much they offer. With worldwide interest rates so high, all loans are very risky for lenders so they aren’t being as free and easy with them as they once were. This is a reality that is going to stick around for a while not just for traditional lenders, but for merchant lenders like Square. Hopefully we will see some loosening in the overall lending marking in 2024, both in the area of interest rates and qualification requirements. But regardless I expect that it will be a very slow process.

Sorry to be the bearer of unwelcome news, but at this point it is at least reality.

Re: When will I receive another Loan offer?

Kash2 — Mon, 06 May 2024 22:16:13 GMT

So question I made a payment for my loan do I really have to wait 10 days to get a new offer it’s day 8 now?

Re: When will I receive another Loan offer?

Minion — Tue, 07 May 2024 10:48:12 GMT

@Kash2 wrote:
So question I made a payment for my loan do I really have to wait 10 days to get a new offer it’s day 8 now?

Yes it could take up to 10 days for the payment to fully process, and even then an offer may or may not generate at the 10 day mark. Paying off a loan doesn't necessarily guarantee a new offer will generate.

Re: When will I receive another Loan offer?

Twpchair — Wed, 08 May 2024 13:12:14 GMT

There is no time frame or guarantee when or if you will receive another loan. The algorithm kicks that out. Good luck!