thread Re: Has Anyone received Square Loan offer in 2022? in Banking With Square

Is anyone still recieving loan offers?

Prov — Sat, 20 Sep 2025 12:31:06 GMT

Is anyone still recieving loan offers ? and at what percentage was your previous loan paid off? i’m currently at 70% paid off and usually see a new offer by now .

Is anyone getting Square loan offers??

chefparrishg3 — Tue, 22 Nov 2022 17:26:03 GMT

Just curious if anyone has gotten any loan offers. I am now 77% paid off on my 11th loan and have not been given another offer. I am up almost 70% sales wise over last year and I am good in all the existing eligibility factors. Im frustrated and really just dont know what my options are here. Anyone recently gotten offers?? if so what percentage paid back were you at when additional offer was made? thanks

Re: anyone getting square loan offers??

Minion — Sun, 13 Nov 2022 01:55:58 GMT

Plenty of loan offers are still be given to business'. Pretty much anywhere over 70% seems to be the general consensus of when an offer will arrive. Seeing as you are past that, just keep making sales and doing business as usual and you may have an offer well before you know it. Some more information in this thread here of people getting offers.

Re: anyone getting square loan offers??

chefparrishg3 — Mon, 14 Nov 2022 21:22:35 GMT

Thanks for the response. Continuing with daily sales as usual. Fingers crossed my offer comes soon. I have another once in a career opportunity to pick up another account. Which essentially would double my current revenue. Just don't want to cut my nose off in spite of my face which is what would happen if i were to sign them without the capital I need to prevent cash flow problems. Either way thank you !

Re: anyone getting square loan offers??

Minion — Mon, 14 Nov 2022 21:44:42 GMT

@chefparrishg3 wrote:
Thanks for the response. Continuing with daily sales as usual. Fingers crossed my offer comes soon. I have another once in a career opportunity to pick up another account. Which essentially would double my current revenue. Just don't want to cut my nose off in spite of my face which is what would happen if i were to sign them without the capital I need to prevent cash flow problems. Either way thank you !

Absolutely, not a problem at all. I tried in the past to "figure" out Squares loan algorithm but I gave up because it was pretty inconsistent based on what I thought was the data they were looking at. I pretty much just through it on the back burner and always a nice surprise when you login to see the notification that you have a new offer.

With that being said, I did put together a thread here with some other tips on business credit building . I haven't updated it in a little while (I just got approved for a Divvy card, which is similar to a charge card) , but some different avenues for business that don't require a personal Guarantor .

Best of luck!

Re: Is anyone getting Square loan offers??

jules72 — Tue, 22 Nov 2022 23:28:34 GMT

Hi @chefparrishg3,

Appreciate you taking the time to post.

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. This timing helps to ensure a significant portion of a new loan can be used to reinvest in your business directly rather than repaying your existing loan balance.

Keep in mind that we can’t guarantee that another offer will be extended before or after the current plan is complete. Repaying your existing plan does not guarantee that your business will be eligible for another 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.

Please be aware that aspects of your processing history, such as failed debits, chargeback history, and changes to your processing behavior may impact potential future offers. If you become eligible again, we’ll notify you directly through email and your Square Dashboard!

Hope that helps, please feel free to reach out to us directly if you have any other questions!

Re: how do i apply for square loan?

Ireneharper — Tue, 03 Jan 2023 00:16:28 GMT

Yes I would like to apply for a loan

Re: Is anyone still recieving loan offers?

HC_Charlie — Tue, 03 Jan 2023 16:03:37 GMT

Hello @Prov thanks for your post. I know it's frustrating waiting for a loan offer, especially when you've been extended a Square loan in the past. There isn't a guarantee that you'll receive additional future offers, there are a lot of factors in play. Check out this article for some more info about loans. Eligibility may be different for every seller, and accounts are reviewed regularly. You don't need to contact anyone, just keep an eye in your dashboard if a loan offers becomes available.

I do know that loan offers are still available and are being offered, the only advice I can give is to remain patient. I hope you'll be able to receive an offer soon and wish you all the best in the new year. As a fellow business owner, I know how much new capital can help a business and I've also taken advantage of Square Loans in the past.

Good luck and happy new year! Thanks being a part of the Square Seller Community!

Re: how do i apply for square loan?

HC_Charlie — Tue, 03 Jan 2023 19:28:02 GMT

Hello @Ireneharper thanks for your post. Square offers loans to select Square Sellers; there is nothing you need to do or apply. You'll just have to check your Dashboard; if you are selected to be offered a loan, Square will contact you. There is nothing you need to do you apply.

Re: Is anyone still recieving loan offers?

Prov — Thu, 05 Jan 2023 12:49:10 GMT

Thanks i’m hoping an offer will come soon 🤞

Re: Is anyone still recieving loan offers?

Escaper2022 — Thu, 05 Jan 2023 22:49:21 GMT

We’re also now at 77% and waiting for our offer, we usually get one at 65% so I’m not sure what is going on. At first I assumed it was them waiting for 2023 to start but now we’re nervous.

Re: Is anyone still recieving loan offers?

Prov — Fri, 06 Jan 2023 19:19:56 GMT

we are also anxiously waiting

. hoping to be able to purchase more merchandise . hopefully we will both offers soon🤞🤞🤞

Re: Square Loan Offer

simplejones — Sun, 08 Jan 2023 18:55:16 GMT

How long does it take to get a new loan offer? I paid off my balance from a previous loan last week on Thursday.

Will I ever be offered a loan again?

Cowlicks — Thu, 12 Jan 2023 23:32:12 GMT

How do I get offered a loan?

Re: Is anyone still recieving loan offers?

Escaper2022 — Fri, 13 Jan 2023 01:35:32 GMT

Did you get an offer? We haven’t

Re: Will I ever be offered a loan again?

Escaper2022 — Mon, 16 Jan 2023 00:50:21 GMT

You must process over 10k with Square and fulfill their other requirements and they will eventually offer you one. There’s no way to apply.

Re: What percentage of your second capital loan, did you receive an offer for your 3rd capital loan?

Jjbeautyco — Thu, 19 Jan 2023 23:27:51 GMT

I’m currently at 47%. Some I’ve received at 40% and one was 52% and another 65%. So I guess it varies. I’d love to receive anther offer too. Just waiting 🥴

Re: Is anyone still recieving loan offers?

OceanHills — Sun, 22 Jan 2023 21:44:16 GMT

Had anyone received offers in 2023?

I'm curious if they are going to offer them this year. From previous comments and posts no one has received an offer this year.

Re: Has Anyone received Square Loan offer in 2022?

OceanHills — Sun, 22 Jan 2023 21:47:42 GMT

I've seen various threads on the Square Loans offers. It seems like they aren't offering them in 2023. People have posted that they are past their usual percentage repayments and in great standing and no offers appear. Has any one received a new Loan Offer in 2023? Does anyone have information if Square is phasing this aspects of the company that's helped so many. Myself included.

Re: Is anyone still recieving loan offers?

Escaper2022 — Sun, 22 Jan 2023 22:01:08 GMT

We just got one but it was lower than the last one we got that we paid off in 5 months. 😒