thread Re: Anyone received loan offer 2021 in Banking With Square

Has anyone received a new Square Loan offer in 2021?

Tran1313 — Sat, 20 Sep 2025 12:35:22 GMT

[The title of this thread has been edited from the original: Has anyone been offered a new loan through Square Loan? 03/17/2021]

Hi everyone! Has anyone been offered a Square Loan this year 2021? Is square still offering? What is the maximum loan amount Square is offering? I’m almost paid off but still haven’t seen any offers from Square.

Square loan

Erikgalo85 — Tue, 01 Feb 2022 23:04:27 GMT

Hi, has there been new changes to your square loan offers. I normally get to around 80% and get a new offer for the last year and half. I’m almost done paying off my loan and have not received anything. I’ve been reading reviews and users are saying Square is doing things a bit different now. Any info that I can get to speed up the next offer will help!

Re: Square capital loan

isabelle — Mon, 23 Dec 2019 01:26:23 GMT

Hey @Erikgalo85.

Because we cannot discuss account specifics on here, I would suggest giving our Square Capital Team a call.

Additionally, take a look at our Becoming Eligible For Another Loan Through Square Capital article for more information.

Let me know if you have any questions about this! Happy holidays 🎆

Re: Square capital loan

Erikgalo85 — Mon, 23 Dec 2019 16:22:49 GMT

Very vague article and it’s not telling me anything I didn’t know already.

Re: Square capital loan

jmcgowen — Mon, 03 Aug 2020 04:27:36 GMT

I was wondering the same thing. I’m almost done paying my loan not even a year and I’m not receiving offers either.

Re: Square capital loan

apriljohnson74 — Mon, 03 Aug 2020 06:22:39 GMT

Yes, I am wondering the same thing. I have consistently been offered a new capital loan through Square when my loan is almost paid off. Now it is completely paid off and still no new loan offer. The article about eligibility for loans through square capital does not help with answering any questions.

Square processing volume. - We process almost $10k per month on average, they (Square) want at least $10k per year.
Square payment frequency. - We process payments bi-monthly, they (Square) want consistent payments.
Your customer mix. - We have a lot of returning customers and a mix of new ones also, they (Square) want a good mix of new and returning customers
A healthy, growing business. - We have more than doubled our revenue since our first square loan 4 years ago, they (Square) want you to process more through Square.

Watch Out For These Factors

Chargeback history. - Only 1 in 4 years.
Multiple Square accounts. - Only 1 account!
Failed debits. - Never happened!

According to their own Eligibility requirements, my business meets all of them and yet, nothing... we didn't even slow down for COVID-19.

Anyone received loan offer 2021

Dirtydogadb — Thu, 25 Feb 2021 08:27:34 GMT

Has anyone received an offer recently? Like since Jan 2021?

Re: Anyone received loan offer 2021

Joe — Wed, 13 Oct 2021 01:58:22 GMT

Hi there, @Dirtydogsadb 👋 Thanks for reaching out and joining us here on the Seller Community!

Just a quick housekeeping note, I've gone ahead and merged your post into the Loans board. This will give you a better chance of receiving a helpful response from other Loan users directly, you may even get a response from a Loans Team member.

Let us know if you have any questions in the meantime!

Anybody getting new invites for square capitol

Oxbow — Tue, 02 Mar 2021 05:03:58 GMT

7 loans paid off early and now it shows ineligible???

Re: Anybody getting new invites for square capitol

Joe — Wed, 13 Oct 2021 01:58:46 GMT

Hi there, @Oxbow 👋 Jumping in here quickly to let you know I am moving your post over to our Loans board. This move will increase your chances of getting a response directly from a Loans Team Member.

Cheers!

Re: Anyone received loan offer 2021

Kimmiekay — Wed, 13 Oct 2021 01:59:05 GMT

Did they pause loans again to do PPP loans? I’m at 97% again and no offers.

Re: Anyone received loan offer 2021

Kimmiekay — Thu, 04 Mar 2021 20:24:00 GMT

I said same thing, did they stop them again?

Re: Anyone received loan offer 2021

Cameron_ — Thu, 04 Mar 2021 23:30:25 GMT

Hi @Kimmiekay,

Thanks for reaching out and raising your question. I'm happy to explain

While Square Loan offers may be available to some businesses, we are still actively making updates based on the current state of COVID-19 and changing public health guidelines. The status of restrictions and reopening in your location and industry may impact your eligibility. To account for local and state restrictions related to COVID-19, eligibility criteria has been tightened. Due to evolving health guidelines, your offer may be smaller than expected or the offer amount may shift in real-time.

We understand that funding is important to businesses now more than ever, and we are continually re-evaluating your account on a daily basis to determine if you’re eligible to receive another Square Loan.

If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. To learn more about Square Loan eligibility, visit our Support Center.

If you’re eligible for a new Square Loan, you’ll be notified directly on your Square Dashboard and via email.

Let us know if you have any questions, feel free to contact us.

Re: Has anyone received a new Square Loan offer in 2021?

Joe — Wed, 25 Aug 2021 20:16:39 GMT

Hi there, @Tran1313 👋 Thanks for reaching out and asking your question here on the Community.

Just a quick note, I've gone ahead and moved your post over to our Loan Board. This will improve the likelihood that other Loan Sellers will see and be able to provide a helpful dialogue to your questions. Cheers!

Re: Has anyone been offered a new loan through square capital? 03/17/2021

Tran1313 — Thu, 18 Mar 2021 14:51:04 GMT

Thanks Joe! I’m new at this still 🙂

Re: Has anyone received a new Square Loan offer in 2021?

kristenlprice — Wed, 25 Aug 2021 20:30:43 GMT

Has anyone got a square loan lately? I’m edging close to finishing this one out and have always got them around 60-75%. I know they paused during COVID but I’ve since got one. I know they’re talking about PPP loans but just wanted feedback on what percent and possibly how much? I know this last loan for me was a shock at how low it was compared to my others that I pay off very quickly.

Re: Has anyone received a new Square Loan offer in 2021?

Joe — Wed, 25 Aug 2021 20:31:16 GMT

Hi there, @krisenplace - thanks for joining us here on the Seller Community!

Just a quick housekeeping note, I've gone ahead and merged your post into an existing thread Square Loans Board, this will increase the likelihood of dialogue concerning loans with other Sellers who may be able to answer your question with their own experience.

Let us know if you have any questions!

Re: Has anyone been offered a new loan through Square Capital? 03/17/2021

kristenlprice — Sat, 20 Mar 2021 18:21:37 GMT

Wondering same thing 😞

my last loan was low compared to what I’ve got in the past and it’s nearly paid off. It was from the end of 2020

Re: Has anyone received a new Square Loan offer in 2021?

ryanwanner — Wed, 25 Aug 2021 20:17:45 GMT

Hello @Tran1313 and @kristenlprice !

Yes, Square Loans is still making loan offers. However, it looks like they're being a lot more particular about when and for how much.

The best advice I have is to make sure your business is looking as good as you can:

Continued stable sales, preferably increasing
No chargebacks or disputed charges

Other than that, the best thing to do right now is hang in there until you're eligible with their new rules.

It's not just Square Loans that's really restricted lending right now. I have a friend who owns a small chain of pizzerias. He paid off the latest store's build out in less than six months, each store is seeing explosive sales growth, and his credit score is quite high. A traditional bank said that even with all those positives, they wouldn't lend to him because he's in an industry that is struggling. Square Loans is a lot more flexible than a traditional bank, but they're still seriously looking at every loan offer with a darkened outlook. 😞

Re: Has anyone received a new Square Loan offer in 2021?

fullcircle — Wed, 25 Aug 2021 20:18:46 GMT

We've had 9 Square Loans in 4.5 years and recieved an offer 10 days ago, only to be declined for the very first time because we began selling a CBD-infused sparkling water during the pandemic. We are a restaurant/bakery/coffee shop, just trying to attract new customers when we were only able to do takeout for an extended period. I had no idea that was a deal breaker for Square Loans and would never have begun selling them had I known. We immediately pulled them from our beverage cooler, removed them from our Square online store, and are patiently waiting to see if we'll ever get another offer. To say I'm heartbroken is an understatement. I have been so happy with everything Square has to offer, but this feels like a huge blow at a time when we need the working capital the most.