Has anyone received a loan offer in 2023?

[Blackbear579]

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

[#2]

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. 

[CircleP20]

No rhyme or reason. Weve had 5 loans, paid them all off inside of 6 months each, all markers are green...Not sure how the calculate who qualifies or not....

[Beangirl]

Makes zero sense to me.seems like they would want the revenue and commitment to their platform considering there are literally dozens we could choose from? 

[ApplePeach]

One business got a loan at 85% last week, my second business just got a request at 65% this weekend. Both track similar in sales. Who knows? 

[Beangirl]

Has anyone found calling or using the chat feature has helped push it along??

[Sagmane]

It’s a waste of time. They have people who have no power telling you that computers make all the decisions and no humans can change the outcome! This is a strike against Square 

[Strictlylashy]

This has been happening to me as well. They must not have as much money as a bank bc so many people opened business’s since 2020. Probably handing it out left and right to newer business’s.  even though we have had our business’s prove themselves for years. It’s ridiculous. 

[Sagmane]

They should be loaded. They are getting back a substantial fee for offering the loan and they are getting paid back daily from tens of thousands of businesses 

[Rainstar]

Did you ever get a offer 

[912guy]

Mine was given last summer too, largest loan 33k...and now at 90 percent no new offer.... Kinda sucks..

[DD_2019]

I just got an offer within the last hour at 92% but my offer was way less than half of my last loan. 

[Strictlylashy]

Same!! Does anyone know why this is happening? I’m glad it’s not just me. 

[Rainstar]

Did you ever get a offer?

[Sagmane]

I just completed 90% paid and received a new offer almost half of last years amount. Apparently everything is done by algorithm and I’m a seasonal business so if my offer was evaluated during my slow time….it’s going to have a false calculation.