2025 square loans

[Arminius]

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

[Brooke34]

Congratulations! I'm glad you got one, but 100% paid is harsh. I for sure can't wait that long 😞

[Brooke34]

I need your less stressful life because I am so stressed.

[Mpechlys]

It’s coming, what percentage are you at to paid off? Also how many loans have you had prior?

[Brooke34]

Thank you for the positivity. I'm currently on my 10th loan with Square.

I'm 85% paid back. 95% of that is the Square loan fee from rolling a smaller loan into a larger loan 13 months ago 

[Mpechlys]

Yours is coming, I do see most that are getting new offers the percentage paid back is a lot higher, mines was paid completely off before I got offered my second one, I have yet accepted and it’s still sitting at the same amount. Don’t really need it yet so I’ll either wait til I get a higher offer or whatever 

[Twpchair]

Congratulations 🎊🎈🍾 thank you for sharing!

[laurenweir85]

I saw someone else say that, and I’m at 84%. Come on square gods

[Twpchair]

For about 3 years I’ve heard about this mystery theory and I am a trend watcher big time! I follow them and pay close attention to what, when and why? It is I shouldn’t say funny when it does happen because loans are very important to help with winter, slow months and supplies etc. The list goes on. I can say that if you want to do a dance around the table 3x and tell the ole algorithm to kick it in and it works then start dancing and keep this board moving! But, I might ask for video proof before I consider it a trend! 😂😂😂 just kidding! Good luck with your getting an offer and keep the sales up, volume up, new customers up. And no negatives. Do all of those and then the dance that will help improve your odds. And then the ole script of if and when you receive one might come at the when part! Keep processing like mad and good luck to you! We are on a roll don’t jinx the board. 🤞

[Abby_M]

Hi @locksmithnick 

We appreciate you letting us know about your situation

We know your business is important and we don’t take that lightly. We want you to be successful and we support your future growth. New offers are not automatically extended when a certain percentage of an existing loan is repaid, while you are not currently eligible for an offer, your account is automatically reviewed daily to determine eligibility.Offers are based on many factors, including, but not limited to, your current payment processing volume, your customer mix, and your Square account history.

If you have any other questions, please feel free to contact us directly!

[Mpechlys]

How long did you waited for an offer

[Twpchair]

You are one of rare or handful of 70% offers. There are so many factors that play into the algorithm that is why you always see there is no guarantees if or when? On the whole and we see the trends daily its mid 80s-90s range for a good %. Square posted by doing this you eat up less of your new loan to pay for the previous loan and can invest more into your business. There’s also, the same amount of people who like yourself are on the lower % that are completely paid off and waiting. When it’s your turn it’s your turn and the algorithm picked off something that triggers your number. Congratulations 🎉🎈 it’s been a great week and half of loans going out of here! It’s nice to see the board moving! 

[JentlySpecials]

I have been following these threads for quite sometime. But I notice a lot of other users don’t come back and report in, in November I got my loan at 92% paid back on the previous loan. This time I got it at 71% on a Saturday night randomly checked and boom an offer came in. 

good luck friends 

[Twpchair]

Yes, I agree 100% as soon as that offer hits the bank poof gone. We really are one of our best sources of information and in comparison to offer just our experiences. There's a lot of new ones on here now loans 2-3 and looking for a pattern or trend. Hopefully, more will jump on.

[kacey_k]

You spoke that in to existence FAST!!!! 

[brown17]

My percent paid isnt changing yet im processing daily.   Should have gone up by now.  Has this happen to anyone?

[Brooke34]

I took my amount left divided by percentage points left and was able to figure out the increments where a percentage is paid off. I went up a percent today. I'm at 87% paid. My account was checked at 1 pm. Which was pretty early. Usually it's not checked till 4. That's all I've noticed for the day. Still waiting on an offer.

[Mpechlys]

My percentage is going up, but my payment is all pending, normally all clear by 12am but for some odd reason says pending since march 31, as long I know it’s getting paid I’m fine with it 

[Twpchair]

If they haven’t requested additional information that’s a great sign. There has been a lot of approvals last week till now. It could be running slower or if people ahead have issues or documentation needed that’s why they state up to 3 business days. I have been jammed up a few times. 

[Mpechlys]

Also I just got a noticed when I open my dashboard square is having issues at the moment as well.

[brown17]

Yea i saw that too...

[Twpchair]

How long has it been? It is running a bit slower than normal. I get up around 3 am and it’s there normally by or around 9 pm. Days isn’t normal if you are processing every day correct?