Has anyone received a loan offer in 2023?

I'm at 71% and usually see a offer by now (between 65%-70&).

732,721 Views
Message 1 of 1,987
Report
1 Verified Answer
BiB
Verified Answer

Re: Has anyone received a loan offer in 2023?

I'm where you are at (minus the actual loan offer part.) Sale are up about 60% over a year ago and processing is up about 65%.  All the other things are in the green.

 

I think most people's frustrations are that it's just not transparent and there isn't a clear goal to strive for. It is also disheartening to just be told the same quotes over and over. It comes across as uncaring and impersonal. Which if that's the case is fine, that should be conveyed to clear up misconceptions and so people don't get their hopes up. It would also come across as more professional to state those things (economy and such) from Square itself. It would let people know where they stand and can make appropriate decisions. 

1,986 REPLIES 1,986

Have you received your confirmation email about your previous loan about being paid in full

Stefanie Mitchell
8,570 Views
Message 1912 of 1,987
Report

Yes i did about a week ago .mine is green too .but no offer yet .

8,575 Views
Message 1913 of 1,987
Report

Have you had any reviews on your account or chargebacks 

Stefanie Mitchell
8,496 Views
Message 1914 of 1,987
Report

No i never had any reviews or chargebacks .

8,247 Views
Message 1915 of 1,987
Report

Hey, I just got an offer within the last hour. My screen changed to the ineligiblity one yesterday. Changed back to the good factors today. I was at 92% paid back. It was less than half of my last loan offer but my sales are way up. 

7,823 Views
Message 1916 of 1,987
Report

congrats my friend.......well done..

7,965 Views
Message 1917 of 1,987
Report

I had given up on it for sure. Hopefully yours comes soon. 🙂

7,946 Views
Message 1918 of 1,987
Report

yes we given up on it and now are just making plans without depending on it...yes it is nice to have but its too uncertain to run a business at times..

7,939 Views
Message 1919 of 1,987
Report

Well today they changed our status to not eligible. At least we know we weren't going to get one.

7,821 Views
Message 1920 of 1,987
Report

I FINALLY got an offer today for $2k less than the one before and my sales have been 2-3x what they were before for the past 4 months. Doesn’t make sense 

10,269 Views
Message 1921 of 1,987
Report

What percentage of pay off where you at to get an offer?

10,602 Views
Message 1922 of 1,987
Report

what percentage were you at?

 

10,354 Views
Message 1923 of 1,987
Report

What percentage were you when you finally got an offer. I’m at 77% and hoping one comes and day now. 

10,189 Views
Message 1924 of 1,987
Report

I have figured out that if you take your total credit card sales for last 12 months and divide 12 that’s usually the amount you get. 

10,172 Views
Message 1925 of 1,987
Report

Got an offer Friday at 81%. Less than my previous loan but helpful. 

9,834 Views
Message 1926 of 1,987
Report
Square Champion

26% paid and received offer

 

capitaloffer.jpg

Roger
Perkits Yogurt

Square Champion | Square Expert
9,205 Views
Message 1927 of 1,987
Report

Hey, how is this possible… what are your annual sales?  26%?  I’ve seen people on here struggling…I’m starting to think ost of these responses are from a robot. 

Stefanie Mitchell
9,151 Views
Message 1928 of 1,987
Report

Hey Stefanie- I am  not a robot, you can totally check my website if you feel the need to disregard my cleaning company. I am NOT sure how its possible. I made over $100k last year in cleaning sales.

 

Robot? I think not.

9,122 Views
Message 1929 of 1,987
Report

I got a few offers last year-back to back. So I am not sure. But its really discouraging to not understand the rhyme or reason. Over 100k in sales, and yet nothing. 

9,087 Views
Message 1930 of 1,987
Report
Square Champion

I have all three of these things and nothing at 61 % paid off 

 

7,674 Views
Message 1931 of 1,987
Report

wow thats amazing! im at 31% and still nothing i never got one that early on. 

6,570 Views
Message 1932 of 1,987
Report