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. 

[everest1]

The square is checking eligibility each day around 1:30pm,  but it didn't today. What does this mean? Anyone have that same?

[RP2011]

How do you know when they check eligibility?

[Jjbeautyco]

When you go to “your next loan” it says your not eligible. Click see details and scroll down where it lists eligibility factors. Under the last one listed in small letters it’ll tell you when the last time it was update. Date & time 

[RP2011]

Mine doesn’t say that. When I click on where it says see more details. It tells me my business type in not eligible. What does that mean? 

[brown17]

Go to.your loan dashboard under all your factors it's time stamped 

[Chelseahitt1]

Same for me! Usually every day no later than 3. But it was not checked/or updated today. 

[Lshaver60]

Mine has not been checked since 2:46 on 8/14!  

[Dtb125]

Hi all. Any new loans recently for anyone?

[glyph]

I just got one for $15k that was approved in under 10 minutes. It's my fifth, and I was 80% paid off from the last one.

[lisap1970]

What percentage were you at on a previous loan?

[GoodBoyDogTrain]

I got one yesterday afternoon, pending approval, this will be my 5th loan. Usually only takes 24 hours to be approved hoping everything is good!🤞🤞

[TLU]

Hi! Did you connect your bank account? Also, when receiving the loan did you get an email as well or just seen it by checking your dashboard? 

[GoodBoyDogTrain]

I did connect my account about 3 weeks ago. I saw it on my dashboard, I never recieved an email

[lisap1970]

What percentage were you at on a previous loan ? 

[Mtc12]

Has anyone received a loan since the outage? 

[TGHOST]

I officially left square paid off 25k in just a few months and been paid off for over 2 1/2 months no offer whatsoever. I have my application pending with clover with a loan. Super happy with them. Bye bye square you lost a customer. 

[Ashleycsa7974]

What did you have to do for a loan with clover? I just paid off my 5th loan and no offers. As much as I love square I need a loan and I need to do something different. 

[Mtc12]

Just got an offer today. What do you mean? 

[GlitzyCow]

He’s saying that bc he hasn’t gotten one bc he said square says his type of business isn’t eligible . Neither have I. But others have. From the comments it’s trending smaller businesses with less processing are getting the loans and the rest are not. Also- the loans are trending to be lower or very much the same with increased processing, as was my last loan I paid off fully before my first installment date on 8/2. So from what I’m seeing is square doesn’t think larger businesses that process more need capital or they are unable to provide it. My processing was up 40% when paid off and I haven’t rec’d another offer since. That same loan was also 1/3 lower than the one before it. 

[Koleen1234]

How much was your loan balance paid off? Seems like they are giving loans if your loan is paid off 

[Jalisco20]

I agree. It seems most ppl not receiving a loan are running high numbers. I just received a loan and nothing too exciting. They are definitely getting lower and lower.