thread Re: Question: 2021 Square Capital Loans in California in Banking With Square

No new offers from Square Loans?

BrownButterNOLA — Sat, 20 Sep 2025 12:35:50 GMT

I’m sure I’m not the only disappointed Square Seller on here regarding Square Loans. We’ve taken 7 or 8 loans (5-6 figures each time) and paid back all well ahead of the end of the term. We had a loan floating out there pre-Covid. We understood completely why those loans were pulled initially, 9 months ago, but now, still nothing.

It’s a strange way to reward loyalty over the years. We’ve been courted recently by Toast, who is offering business capital, with a very similar rate and pay back policy. I’ve always liked the way Square did business, until this. Anyone have any experience with Toast, or has anyone had any recent dealings with Square Loans?

Re: Nothing from Square Capital?

Surfergirl1775 — Sat, 12 Dec 2020 23:06:50 GMT

I feel the same way you do! I've had five loans and always recieved a new offer at 75% paid. Now I'm at 86% despite Covid shutdowns and nothing! I feel like they have abandoned me when I needed them most. Because of Covid, I don't have a lot of new business, but my current customers are loyal. I don't know anything about Toast, but I'm going to check it out now.

Re: No new offers from Square Loans?

Cameron_ — Tue, 20 Jul 2021 16:23:55 GMT

Hi @BrownButterNOLA ,

Thank you for your question regarding Square Loans.

We thank you for your patience during these difficult times. We understand the challenges you have faced and are proud to partner with a business as resilient and flexible as yours.

COVID-19 definitely forced us to take a step back and recognize how this virus changed how our sellers do business. New signals and criteria are consistently incorporated into our lending models to ensure we can best serve you. Eligibility and offer sizing for loans through Square Loans is based on a variety of factors related to your Square account, including payment processing volume, account history, and payment frequency. More details on eligibility and offer sizing for Square Loans loans can be found here.

While we do not have a specific timeframe for when another loan offer may be available, the Square Loans program will continue to automatically review your account for eligibility on a daily basis. We understand that not being immediately eligible can be frustrating, but we are unable to override the automatic review process with a manual review.

If you have any questions, please feel free to contact us.

Re: Nothing from Square Capital?

redapronkitchen — Wed, 16 Dec 2020 01:01:15 GMT

I'm currently paid up to 89% on my current loan and I too have been very concerned that I won't be able to get any more capital loans through square. I called and spoke to a representative and they told me that they are reviewing accounts for new loans but gave no real information. I hate to look elsewhere because I feel like I've built a really good working relationship with square over the past 3 years but if an offer doesn't come through soon, I'll be forced to look somewhere else.

Re: Nothing from Square Capital?

BrownButterNOLA — Wed, 16 Dec 2020 18:28:44 GMT

We have always had a great relationship with Square and Square Capital, up until the pandemic. They truly did abandon their partners when we needed them most. It’s frustrating and disheartening, for sure. More so, it’s a bit demoralizing to just see the same canned responses, time and time again, regarding this issue.

My company is actively looking into other options for POS/Processing/Capital Loans. There are plenty of them out there.

Re: Nothing from Square Capital?

minytrker — Wed, 16 Dec 2020 20:02:47 GMT

Havent figured out square capital, one week get a $10k offer then 2 weeks later your not eligible. Done record sales for weeks and not get offer, have ok week and get offer. Switched to paypal and got bigger offers for similar rates.

Re: Nothing from Square Capital?

rzrshop — Wed, 16 Dec 2020 20:19:43 GMT

We have not been offered a loan since paid off loan 9/19 😪

Re: Nothing from Square Capital?

BradKy — Thu, 17 Dec 2020 04:22:00 GMT

Has anyone recieved an offer in Kentucky. I have been with Square since 2012 and have had SEVERAL Capital Loans with no problem. Now they have stopped & i can't find out if it's because of Kentucky or what? My business hasnt changed much at all. We get in a system that square placed us in and they cut us off. Anyone switched to another company? Pros & Cons? I wish i could get a straight answer on what to do or expect. Thanks for any and all outside help on this topic.

Re: Nothing from Square Capital?

Surfergirl1775 — Thu, 17 Dec 2020 04:29:14 GMT

I'm glad I'm not alone! I've had one charge back about two years ago . . . I'm going to look into PayPal as well! Thanks for the tip!

Re: Nothing from Square Capital?

BrownButterNOLA — Thu, 17 Dec 2020 17:27:58 GMT

Ours has been paid off since January 2020. We were extended a loan offer in November 2019, but were waiting to pull the trigger until we needed it. Then COVID hit, we needed it, and they pulled the offer back. This was standard practice for Square Capital, and other lenders as well. All of that makes sense to me. There was so much uncertainty at the time, but the lack of an available offer at this stage of the game is what makes it so disheartening.

Again, we’ve taken and paid off 8 loans since 2015. So it’s more of a bummer from a loy

Re: Nothing from Square Capital?

minytrker — Thu, 17 Dec 2020 18:02:42 GMT

Nothing from square but just checked PayPal and got $8k offer and haven’t used it hardly any.

Re: Nothing from Square Capital?

rzrshop — Wed, 23 Dec 2020 21:38:06 GMT

I am in Florida and still nothing

Re: Nothing from Square Capital?

PV4U — Sat, 26 Dec 2020 11:58:08 GMT

Hi! I am in Kentucky and I have received 3 loans this year. One in January that was repaid in March. One in September that I paid off in October. One in October that will be paid off by the 31st. They were not huge but well spent to get the most bang for my buck.

Re: Nothing from Square Capital?

Willylara17 — Mon, 04 Jan 2021 01:42:36 GMT

I paid off my last loan June 27th since then nothing. i have gotten over 8 loans and now its been over 6 month

Re: Nothing from Square Capital?

Magik5tattoo — Tue, 26 Jan 2021 02:34:17 GMT

Did you ever get a new offer?

Re: Nothing from Square Capital?

Willylara17 — Tue, 26 Jan 2021 03:13:10 GMT

Haven’t gotten anything I’m a bit disappointed it’s been since June that I paid

My last loan off within 2 month and still haven’t heard anything

Question: 2021 Square Capital Loans in California

JW10 — Wed, 27 Jan 2021 16:35:48 GMT

Are square capital loans currently being offered in the Bay Area? I have a strong business, mix of customers, increased sales, etc. but am aware that local covid restrictions can impact loan offers. Anyone get anything recently?

Re: Question: 2021 Square Capital Loans in California

JW10 — Sat, 30 Jan 2021 22:06:28 GMT

I called square support and they had absolutely no information they provided that was of any help. They couldn’t even tell me if anyone in the Bay Area had received a loan in the last few months. I run about 275K a year through them. On top of that sales are up significantly for me. Crazy that I can’t get a straight answer. Starting to look into other options as a result.

Re: Question: 2021 Square Capital Loans in California

JW10 — Wed, 03 Feb 2021 16:11:23 GMT

Update — square loan has been offered. Upon reflection, it was relatively timely between my payoff of the last loan and current loan offering — especially given impact of COVID on several businesses. I’m just used to getting offers during the payoff period — once the loan is close to being paid off.

Re: PPP Round 2 Application Rollout

Falcon79 — Fri, 05 Feb 2021 21:30:55 GMT

Question. If you were granted 2k from Square from a loan. And you were able to pay it back in time faster than the normal time frame within good standing at all times. Would it be possible in obtaining another loan? Possibly higher?

Thank you kindly!