thread Re: March 2025- Is anyone getting new loan offers? in Banking With Square

March 2025- Is anyone getting new loan offers?

mrshuggins — Sat, 20 Sep 2025 12:14:13 GMT

I’m getting pretty desperate at this point!

We’re currently on our 11th loan and it’s 80% paid off at the moment. I’ve been looking at other posts here, and I’m so curious to know when or even if other businesses are getting new offers. We’re green in all of the parameters.

I’m sure you all are feeling the same pinch we are right now. In the past, we’ve been able to kind of predict when there may be a new offer on its way. I guess I just need some hope at this point 😭

Re: March 2025- Is anyone getting new loan offers?

TheRealChipA — Tue, 04 Mar 2025 16:37:27 GMT

Hi @mrshuggins

Square is giving out loans right now. However the lending market is still really, really tight and conservative, and this includes merchant-advance type loans such as Square’s, PayPal’s, Clover’s, etc. Interest rates for these companies to borrow are still crazy high and even if Square is not borrowing to give us our loans they still have to answer to shareholders and such for the health of their balance sheets, especially where lending is involved. Also, many businesses (even ones who were never in trouble before) are defaulting on loans at an unprecedented rate currently. All lenders of all types are being very cautious and deliberate. Those are just the facts.

I’ve seen enough threads here in the Community to know that many sellers (and if I were a better man I’d say most sellers) are noticing two things. First they are having to wait much longer than usual for a new offer, and quite a few are waiting long (weeks, months) after they have paid off a loan before a new offer comes. For at least a year, 80% is usually not enough, for sure. Second, even when new offers come they are often lower than usual/expected. This is true even if our sales are the same or better than in the past, mostly because inflation is now eating into our profits and Square does not want to see us get into trouble with loans we ultimately can’t handle. I’ll even add that I’ve seen a few threads recently where sellers complained about getting a “pre-approved” offer (which means nothing from any lender and never has!) and then being rejected once the application was submitted. This is just the reality of the current lending market.

My only suggestion would be to look around and see if a local bank (yours would be best) is willing to lend you the money. Of course, the same things I said will apply to them, obviously. But otherwise all you can do is wait for the offer. It will come eventually. This is shaping up to be a really tough year, political promises aside. The market is dropping each day. Inflation is showing signs of going up soon. And interest rates are definitely poised to start rising again. Square is not immune to any of the lending pressures, I’m sorry to say.

I wish you well.

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Wed, 05 Mar 2025 03:57:28 GMT

Currently at 100% metrics all in green and NO OFFERS

Re: March 2025- Is anyone getting new loan offers?

Abby_M — Fri, 07 Mar 2025 22:20:02 GMT

Hi @mrshuggins

Thanks for posting on the Seller Community.

We understand that it is frustrating that we can’t guarantee that you’ll receive a new offer because you’ve had previous loans with us in the past.

Square accounts are reviewed on an ongoing basis to ensure that each business gets the right customized offer. We can’t predict if or when your business may be eligible for an additional Square loan, however, we will continue to monitor your account for eligibility.

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

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Fri, 07 Mar 2025 22:39:48 GMT

Oh I’m not worried. I got a nice bonus from my TikTok stuff so this possible loan isn’t so needed as it was a week ago. Getting into busy season during tax time everybody wants new hair color so I was stressed about how I was gonna stock up on my supplies, but thankfully everything works out when you need it to.

Re: March 2025- Is anyone getting new loan offers?

Dvcarwash1 — Sun, 09 Mar 2025 19:36:59 GMT

I have been processing with Square since 2014 and have successfully repaid 10 loans in full ahead of schedule. Currently, I am 85% paid on my 11th loan. All of my account factors are green and in good standing, and I have always appreciated Square’s suite of tools, from the insightful dashboard analytics to marketing support and their helpful customer service.

However, I am beginning to reconsider my relationship with Square. While I fully understand that Square clearly states that loans are not guaranteed, I can’t help but feel that my long-standing track record and financial commitment should be taken into account. In 2024 alone, I paid nearly $11,000 in processing fees and an additional $10,000 in loan interest. As a small business owner investing over $20,000 per year into Square, I expect a level of support that reflects this commitment—especially during slower seasons when financial assistance is most needed.

Historically, I would have already received a loan renewal by this point, but something has clearly changed with Square Loans. Unfortunately, obtaining a merchant cash advance elsewhere would require me to switch processing providers, which I am hesitant to do because of the valuable business insights Square offers. After more than a decade of working together, Square has a deep understanding of my business, making this situation all the more frustrating. I sincerely hope Square will reconsider its approach, as I would prefer to continue our long-standing partnership.

Re: March 2025- Is anyone getting new loan offers?

Shakeira — Mon, 17 Mar 2025 13:28:24 GMT

Hi,

Did you receive the loan yet?

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 13:31:39 GMT

Wed-Friday at least for those that post on here there was 8! Still higher % paid back to completely paid back. Only 1 in the upper 70s. Here’s to a great week!

Re: March 2025- Is anyone getting new loan offers?

Shakeira — Mon, 17 Mar 2025 13:50:05 GMT

That makes me scared! I’m 82% paid back and I haven’t ever waited this long. You thing they only give offers Wed-Friday?

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Mon, 17 Mar 2025 13:56:26 GMT

I’ve been 100% paid off since March 2 and I’ve received nothing

Re: March 2025- Is anyone getting new loan offers?

Dvcarwash1 — Mon, 17 Mar 2025 19:04:30 GMT

I received a new loan offer from Square three days ago and it’s my 11th loan with them. At the time, I had paid off 87% of my current loan. However, I was surprised to see that the new offer was significantly lower than expected—about $20,000 less than my previous loan. That said, I was in need of funds, so I was still grateful for the opportunity.

I’ll admit, I was feeling a bit frustrated and even considered switching to another payment processing company. However, Square provides such valuable tools and insights for my business that I ultimately decided to stay. Plus, Square clearly states that loan offers are not guaranteed, so I had to keep that in mind.

For those wondering, I can confirm that Square is still offering loans. In my past experiences, I typically received renewal offers when I had paid off around 70-76% of my loan, but this time it was at 87%. So, if you’re waiting for an offer, hang in there—it may take a little longer, but it could still come through.

Now, this is just my personal observation, but I would recommend engaging more with the Square community. Answering questions from other business owners or leaving reviews on Square’s services, such as payroll or marketing, might make a difference. My theory is that Square values businesses that actively use their ecosystem, as they seem to aim for being a one-stop shop for entrepreneurs. Again, I could be wrong, but I feel there’s some merit to this idea.

Wishing you the best of luck—I hope you receive your offer soon!

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Mon, 17 Mar 2025 19:08:49 GMT

Congratulations!!! I’ve been paid off since March 2 and no offer came in yet unfortunately! Everything is in green still.

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 20:54:45 GMT

Congrats on the offer. It is a shock when you expect or hope for more or at least the same. Hopefully , that will change soon! Thank you so much for posting and sharing your journey.it does help others in the 60-70s to see it hasn’t been trending that way for some time now. Again, congratulations

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 20:55:20 GMT

I’m still pulling for you every day I am looking!

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 21:03:33 GMT

No, I tend to be a Saturday person. That’s 9 now from Wednesday-Friday at least who posts on here. Hun, it’s been going on 2 years and the % increase has creeped in or up. It’s posted in their guidelines now and has been along with the economy, and the overall health of the country. The market is starting to hold steady, the first numbers were released and looking upwards. We just have to get that 60-75% loans number out of head! We still have a few that pop in, same as totally paid off. But on the average it’s mid 80-90s for the majority. Not all of course, we are all different and there are no guarantees if or when. That said YES they are still lending all day everyday around the world! Hang in there ok.

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 21:05:19 GMT

You know it! You have a very special personality and encouraging to others. Thank you!

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Mon, 17 Mar 2025 21:32:16 GMT

Well thank you! You’ve been sooo much help! I’m pretty sure I know why no offer has come in, my card sales are slightly down but I was sick last week 2 days and was off for the weekend. So sales in general were down last week. All sales today first day back to work have been all card. So here’s to hoping this is my week!!

Re: March 2025- Is anyone getting new loan offers?

Twpchair — Mon, 17 Mar 2025 21:45:40 GMT

Like I said, my offer was the first Friday in February if it would have been 7-10 days later my offer definitely wouldn’t have been higher and might not have happened at all. 2 weeks of brutal weather. But , one week later and numbers come back right up to normal. Taxes help a ton. Glad you are feeling better and here’s to a busy card week to kick it in!

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Mon, 17 Mar 2025 22:09:21 GMT

Listen normally I love just getting cash payments but right now every time someone says I wanna pay with a little part of the inside jumps up and down with excitement 🤣

Re: March 2025- Is anyone getting new loan offers?

kacey_k — Mon, 17 Mar 2025 22:10:19 GMT

Sorry I’m doing voice messaging, but that meant to say was every time somebody says they wanna pay with card a little part of me inside jumps up and down with excitement