2025 square loans

[Arminius]

85% paid off all green and still no offer, does any know what's going on 

[Twpchair]

It has been a very dry couple of weeks on here. We need some movement bad!

[Hairbywill]

Im at 86% with 600.00 to pay and no offer . With all of my other loans I got  offers at 75% to 80 % but this year nothing.

[Twpchair]

It’s been well over a year now it’s been trending higher %?paid back. Not just you but on the whole for companies like square like offer loans. It’s not just your business and metrics but the over health of the economy, the stock market, and what is going on in the world. Companies like Square have shareholders to answer to and there’s a lot of factors to take into consideration. Square is still lending every day all day worldwide.  As long as your metrics are good and sales are increasing, daily averages is increasing and no disputes, no returns or refunds (as little as possible) then you should be just fine. Just remember the old norm % is not what we are seeing for the majority of the ones reporting.  Good luck and hopefully very soon!

[Robgrey]

I just got my offer last night at 76% 

Offer was higher than last one.  I chose a less amount to lower repayment percentage.  Offer was for $119,800

GOOD LUCK EVERYONE

SQUARE is still loaning

[kacey_k]

I’ve been paid off since March 2 and nothing yet. Most my clients have been paying cash as well so that’s probably a big reason why! I’ve been busy just all cash! 

CONGRATS 

[Twpchair]

Hopefully, you are one week behind him and you will be next ! 🤞🤞🤞

[kacey_k]

Hopefully!!! Had to get new washer and dryer so I’m definitely ready for one to come in soon!!

[Twpchair]

Ugh, you need a break here soon! Hopefully, with the amount approved last week it’ll be yours next!

[Twpchair]

Are your metrics still good?

[Twpchair]

Yessss! Congratulations I hope you start a trend! I am so excited for you!

[Robgrey]

Thank you so much!  Very exciting stuff ahead!!!

[Twpchair]

That is great to hear! And you did start a trend after your post I believe on all the loans post there was 7/8 after you! So you were the lucky charm!

[kacey_k]

I hope they did start a trend!! I’ve been paid off be 2 weeks tomorrow and I’ve had consistent sales daily and all in green still!

[Mpechlys]

Just got my offer a minute ago, I didn’t accept yet, it’s 7k more than my first loan, if I don’t accept will it change to more or less? Or I have to accept in order for it to change amount in the future?

[Twpchair]

It’s honestly a toss up really. The way things are trending most holding out now are going lower of course not all and no guarantees when it will come back to you honestly. Ive seen people holding out 2-3 times for an extra 2k. It’s comes down to you and if you are willing to take that chance or not. I haven’t seen anyone myself wait 1x and a month later offered 3x type thing especially now. 

[Twpchair]

Normally, the longer with square loan 3-4 and then 5-6 they have your processing history stored and see an actual pattern of paying off quickly, sales are up, volumes of processing up and offers tend to go up. The longer you been with them the better data they have to go off of. No guarantees on anything but generally speaking that’s how it works. There have been a couple this week offered less but stated so have sales. Good luck but don’t wait too long offers disappear fast especially if you’re metrics dip. 

[Twpchair]

Are you waiting or taking? I’m interested in it now! 

[Mpechlys]

I’m holding, this is my peak season I don’t really need any additional funds at the moment, just trying out square cause that 350k loan does sound nice, if I ever get that high of an amount, would definitely open another shop with that

[Twpchair]

I don’t take every offer either but I was curious was all I’m a trend watcher and getting ready to count you in or out. Definitely keep me posted though if you don’t mind and let me know how long before the next offer comes in and up or down. And yes I have seen the 200k loans. Not any 350k or at least that posted on here. 

[Twpchair]

And no not accepting an offer isn’t always a bad thing if you don’t need it. Here is the catch though. Square uses a lot of factors to determine your loan and amount. We all know the metrics and keeping them trending up is key. Good is just that good. Growth is a healthy business. So if you’re increasing sales, volume of transactions up, new customers are up and returning customers. Maintaining the same volume is just that maintaining. Growth and prior loan history is also a factor. They are set up to be paid back in X amount of time. If you are just having an amazing 3-4 months and knocking out loans and numbers that algorithm is collecting data all the time non stop. That helps determine future offers. As you grow and your income increases and increases normally your offers follows that pattern. I just saw one who posted finally got my offer and 10% less than the previous offer but my sales were down 7% so they kinda figured it would happen and he’s has many offers. I don’t accept every offer. I prefer low -mid 90s less roll over and more of my offer. Normally my slow time is the winter and try to get a good offer from even September on and throw it in savings for the winter. With no guarantees of if or when I plan ahead but it has to be a good one or I will pass. So to answer your question you do what is best for you and your business always and 2nd a loan history is something that they do look at along with growth and no negatives if at all possible. Sorry, I apologize I totally skipped over that part of your question. Good luck and great to hear business is good!

[REG2k]

I paid our loan off on 3-6-25 and it was finalized 3-17-25.  It still says I am not eligible for a new loan. Even with us paying it off early.