thread Re: Square Loan Prepayment in Banking With Square

Square Loan Prepayment

Agent_K — Sat, 20 Sep 2025 12:28:52 GMT

I recently decided to make a one time prepayment on my current square loan. I spoke with Square and it’s cleared and posted with them but on my dashboard for eligibility it says prepayment loan is pending and can take up to ten days to clear.

My question is has anyone made a prepayment on your loan and saw how long it took to clear in your dashboard so it’s not pending? I’m typically offered another square loan between 70% and 80% but because I made the extra payment my account won’t be offered another loan until it’s cleared from pending.

Re: Square Loan Prepayment

VanKalkerFarms — Sat, 23 Sep 2023 17:26:18 GMT

I would say on average from what I have seen posted it should clear on your dashboard in about 4-5 days.

Re: Square Loan Prepayment

Agent_K — Sat, 23 Sep 2023 17:27:54 GMT

Thanks!!

Re: Square Loan Prepayment

Sammie_C — Mon, 25 Sep 2023 21:14:42 GMT

Hi @Agent_K!

Thanks so much for your post!

Once a payment is made, the payment may reflect as pending on your Square Dashboard. It can take up to 10 business days for payment confirmation and for your business to be re-evaluated for new loan offers.

Let us know if you have any other questions!

Re: Square Loan Prepayment

CGreens — Fri, 27 Oct 2023 17:29:27 GMT

Hi! I made this exact same thing! Curious to know if at this point you were now offered with a new loan?

Re: Square Loan Prepayment

SKBhair — Mon, 13 Nov 2023 14:31:02 GMT

How long did it take yours to process? I’m in the same situation!

Re: Square Loan Prepayment

SouthernChic — Sat, 30 Dec 2023 14:52:06 GMT

Could we possibly get an update? I'm in the same boat!

Re: Square Loan Prepayment

Agent_K — Sat, 30 Dec 2023 15:12:49 GMT

I believe it took right about 10 days for the pre-payment to clear. As soon as it cleared, I was offered a new loan, it popped up on my dashboard.

Re: Square Loan Prepayment

Agent_K — Sat, 30 Dec 2023 15:13:59 GMT

Yes! It took about 10 days, when they made the payment, I was really close to 80%, that is when I am typically offered a new loan at 80%. I knew the prepayment that I made would put me at 80% or 81%. As soon as that payment cleared, I was offered a new loan on my dashboard. I did check it daily to see if the prepayment was cleared, and not pending.

Re: Square Loan Prepayment

Agent_K — Sat, 30 Dec 2023 15:14:12 GMT

I believe it took about 10 days

Re: Square Loan Prepayment

Cynskin — Thu, 15 Feb 2024 18:22:28 GMT

Was it 10 date from the date you made the payment or 10 date from the date they processed it? Mine was paid on the 4th and processed on the 8th and it’s still pending under eligibility

Re: Square Loan Prepayment

BernadetteA — Fri, 16 Feb 2024 02:08:33 GMT

Hi @Cynskin 👋

I will need to check with the team, but it sounds like it is 10 business days from the payment date. If that is the case, today would be day 9 of 10 business days.

I'll let you know what I find out. Thanks in advance for your continued patience. 😊

Re: Square Loan Prepayment

Cynskin — Fri, 16 Feb 2024 02:15:11 GMT

Thank you! 😊

Re: Square Loan Prepayment

Ap3372 — Mon, 19 Feb 2024 14:15:24 GMT

I made a prepayment twice in one week. It has been over 10 days for the second prepayment I made. In my land section, one of my tabs says prepayment pending. How long will it take if it has been over 10 days?

Re: Square Loan Prepayment

Twpchair — Tue, 20 Feb 2024 13:41:15 GMT

I believe in most I have seen those 10 days are roughly considering weekends or holidays into it. You depending on the exact date you paid you might have 2 weekends and a holiday. So I'm just going by the date you posted and roughly at 9 days. I don't know when or time you paid either. I believe without going back and looking I believe it's 2pm cutoff time for payment to be considered that day. I know it stinks but most I see are about 10-14 days then it shows on your end. Then that's when you go back into the que of the algorithm and watch and wait for an offer. Good luck!

Re: Square Loan Prepayment

Ap3372 — Tue, 20 Feb 2024 14:27:16 GMT

The payments were on the 5th and the 6th. It's the 20th and by now I would have gotten an offer being that I'm around 82% paid

Re: Square Loan Prepayment

Kash2 — Fri, 10 May 2024 14:36:57 GMT

I have questions I made a payment and today make day 11 and I’m at 80% and still no offer did anymore have to wait more then 10 days to get a offer

Re: Square Loan Prepayment

Kash2 — Fri, 10 May 2024 14:42:54 GMT

Ok now I can see that I’m clear and it’s been 10 days but still no offer

Re: Square Loan Prepayment

Marissajones25 — Thu, 23 May 2024 12:04:01 GMT

Did you figure out if it was from the payment date or date processed ?

Re: Square Loan Prepayment

Marissajones25 — Thu, 23 May 2024 12:06:09 GMT

I made a payment this month on the 11th and haven’t received and offer yet and I’m over 80%. I use my square for my business daily.