thread loan September 2025 in Banking With Square

loan September 2025

PHE21 — Sat, 20 Sep 2025 12:06:37 GMT

I’ve had my square loan paid off for about a week and every time it updates I’m in the green for everything. I always pay my loans off within 4-6 months. This is my 3rd loan paid off and was expecting a new loan offer by now. I usually get it at 75% but never got one. What is the new loan evaluation process? It seems to not be how it used to be. Really need one this week to help kick off my new project smoothly.

Re: loan September 2025

Minion — Mon, 01 Sep 2025 15:04:43 GMT

Hi @PHE21

The process I believe is still the same as it has always been. I would take those "metrics" with a grain of salt. As long as they are green that's good, but I wouldn't look further into those then just the making sure they stay green. The % paid back seems to be like it was geared at a higher % for the last couple years,just based off other square loan threads here, which isn't necessarily a bad thing though since more of the new loan can be put towards future growth vs payback.

Did you pay it off manually or did it occur with sales?

Re: loan September 2025

PHE21 — Mon, 01 Sep 2025 15:32:49 GMT

It was paid off both manually and through majority sales. All depending on how contractors pay for services.

Re: loan September 2025

Minion — Mon, 01 Sep 2025 15:48:38 GMT

I gotcha! So if the final payment was a manual pay off, then I believe it can take up to 10 business days for the algorithm to kick back in.

Re: loan September 2025

PHE21 — Mon, 01 Sep 2025 15:54:13 GMT

Yes my last payment was manual. I’ll just wait it out. Keep doing what I’m doing. I appreciate your communication

Re: loan September 2025

Minion — Mon, 01 Sep 2025 16:18:45 GMT

No problem! Best of luck to yah!

Re: loan September 2025

Prnutrition — Tue, 02 Sep 2025 02:01:50 GMT

I’m currently at 92% paid off, all green and taking credit card sales all throughout everyday with just having a higher sales month in August! No new offer anywhere to be seen. It’s very discouraging because I really needed it a few weeks ago when I was around 70-75% and have patiently waited every day to the point where now I worry if I’ll get another offer at all. Everytime I call they tell me “your account looks good but we don’t know when you’ll get another offer”… the system seems kind of broken in my opinion.

Re: loan September 2025

PHE21 — Tue, 02 Sep 2025 03:42:22 GMT

Yea I know what you mean. I really need one myself but this just taught me not to ever depend on nothing that isn’t guaranteed. Mine is paid off but I still haven’t gotten anything myself. So I’m just doing what I have to and hope one show up if it do. Square seems to still be giving people loans so just be patient and stay focus. Don’t let this determine your business outcome. Good thing about it is if they give you one you won’t have to worry about any of it going towards paying off your open loan as much as if you were at 75%

Re: loan September 2025

Abby_M — Fri, 05 Sep 2025 17:40:33 GMT

Hi @Prnutrition

Thanks for taking the time to reach out to us

We understand that not being immediately eligible can be frustrating, Keep in mind new offers are not automatically extended when a certain percentage of an existing loan is repaid. While you are not currently eligible for an offer, your account is automatically reviewed daily to determine eligibility.

Feel free to reach out to us directly if you have any additional questions!

Re: loan September 2025

PHE21 — Fri, 05 Sep 2025 17:53:17 GMT

This is true. I’ve been had mine paid off almost 2 weeks and been in green also everything still in green and haven’t received an offer. It’s a waiting game. The more you depend on it the more you have bad thoughts on it. I try to continue without thinking about it. I had got to comfortable receiving there loans as expected. The change up threw me off

Re: loan September 2025

PHE21 — Fri, 05 Sep 2025 23:28:47 GMT

Just wanted to come back to let the community know I got a new loan. Just had to wait it out. It was less than the last but it helps moving forward. So if anyone worried about the square loan don’t. Just keep running your business and pay the loan off on time.

Re: loan September 2025

Minion — Fri, 05 Sep 2025 23:43:17 GMT

Glad to see that you got one. Yeah those manual payoffs at the last bit can cause a hiccup with the algorithm. But none the less, congratulations and thank you for reporting back!

Re: loan September 2025

Twpchair — Tue, 16 Sep 2025 05:45:47 GMT

I will 2ne all of this @Minion has stated. Also, loan numbers 3 -4 are kinda tricky. The algorithm is just starting to get your processing habits down. Above all you want a loan to fit you and get the most out of it. Good luck!!!

Re: loan September 2025

Twpchair — Tue, 16 Sep 2025 12:32:41 GMT

Congratulations 🎉 you are so right! Keep proccessing away!

Re: loan September 2025

Twpchair — Mon, 22 Sep 2025 22:59:48 GMT

Any news yet?

Re: loan September 2025

Windycity — Fri, 26 Sep 2025 08:05:03 GMT

That’s how I was with the loan before my last, took ages and almost 96% pay off to get an offer, it was much smaller

then the last, and that was frustrating, but I took it, then had a solid QTR, paid it off fast and they offered me a much more sizable offer 3 months later at 58% paid off.
I just got to 54% paid off as of today, and we will see what the next couple weeks hold

Re: loan September 2025

Minion — Fri, 26 Sep 2025 09:42:31 GMT

@PHE21 wrote:
Yea I know what you mean. I really need one myself but this just taught me not to ever depend on nothing that isn’t guaranteed. Mine is paid off but I still haven’t gotten anything myself. So I’m just doing what I have to and hope one show up if it do. Square seems to still be giving people loans so just be patient and stay focus. Don’t let this determine your business outcome. Good thing about it is if they give you one you won’t have to worry about any of it going towards paying off your open loan as much as if you were at 75%

Frustrating process it can be for sure, but I love your outlook. Once you learn to not depend on rely on them so its just business as usual.

Re: loan September 2025

Minion — Fri, 26 Sep 2025 09:45:11 GMT

Curious, was the more sizable offer mainly related to it going to the pay off vs actually being able to keep them? You''re loan offer at that % is definitely one of the few unicorns we have seen/heard. Congrats!

Re: loan September 2025

Twpchair — Fri, 26 Sep 2025 09:46:26 GMT

Hello, I do remember you. I knew you were disappointed with the first couple of offers, but do you see now what kicked it in? The jump in sales. The algorithm is collecting data, and the way you are processing. Swiping daily is up, and the volume of swipes is up, which are all indicators of a healthy (busy) business. If you are paying off multiple loans that are meant for 18-plus months in 3 months, it’s going to adjust your offer to match your processing. I have seen that 55% posted and a new offer. You keep growing (sales), so offers follow that. My last two have been in the 60s, but I'm up now 42% higher than the previous year, and every month. My offers are really increasing now. I just don't accept every offer, especially during our busy time. I am so glad you posted, and keep knocking it out!

Re: loan September 2025

Twpchair — Fri, 26 Sep 2025 09:50:50 GMT

Great to hear! I believe my comment to you went to or under the poster. Way to kick in business and sales!