2025 square loans

[Arminius]

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

[brown17]

Well 62% so we will see!  I have to say though system has been funny past few days.   Not displaying all info in customer account, didn't get a loan status update till midnight last night. Balances not updating right away and today my marketing campaign took over an hour to actually send .   WEIRD

[Twpchair]

Hello, let me tag a couple of people about the delays first @TheRealChipA @ryanwanner not certain if it's anything but running slow thought I would let you know.  You are rounding the curve! 50% is my imaginary line 😂 to the countdown. Good luck to you and hopefully everything will work itself out. Thank you for the update!

[Abby_M]

Hi @brown17 

Sorry to hear about your situation.

Thanks for providing your feedback. I will pass it along directly to the Square Banking team. We are thrilled to hear how your Square Loan provides benefits to your business. We hope you continue growing your business with Square, and share more of your successes with us.

Don’t hesitate to contact us directly if you have further questions or concerns.

[brown17]

Thank you! 

[brown17]

Well 68% and 5% came from yeaterday alone!   Hoping i trigger a new offer aoon!  Fingers crossed! 

[Mpechlys]

i pray every one here gets good news and get more offers. im still around shop has been very busy, and i also took a hit with employees stealing 😡

[Twpchair]

Good morning, well, I am happy business is going  strong and busy for you. I’m not so happy to hear about your employees stealing from you! Hopefully, you took care of that fast! I hate that for you. You just start to take off fast and strong to have this happen to you. Tools aren’t cheap either. Hopefully, you took care of the situation. Looks like you will be replacing some tools next loan it you haven't already. Good luck to you!

[Mpechlys]

Yeah already replaced it. Not much needing a loan right now, hope all is well with you 

[Twpchair]

Doing ok. Glad to hear business is still going good. I hate that they took YOUR stuff smh. Especially, they should know how hard you've been working and pushing through to build yourself up to where you are now. I hope you know who it is and they can take someone else's stuff! By the way, I meant I hope you fired him if you knew who did it. I am glad to see you back here helping others. I'd better watch out for you or someone might snatch you up and put you on the loan boan boards! That's ok you would be a perfect fit here one day. Keep up the great job!

[Infusion]

I decided to pay current loan off (I was at 92%).  Tomorrow Monday will be 1 week since I paid it off and it still says 'pending payment'.  I don't understand what takes so long to close out the loan and make a new offer.  I love Square, but seems somethings are different these days.  I've been with Square since 2010-2011 ish.  Anyways, Happy Fathers Day to all & hope we all get offers soon!!

[Twpchair]

Unfortunately, it takes 10 business days! I made the mistake of doing it once im the  90s and A week after completely paid off Ifinally entered back into the algorithm cycle. I was very lucky 4 days later an offer came in. That was the longest 14 days. Now, I only prepay back in the mid-60s and I pay a chunk that gets me around the upper 80s low 90s when 10 days of holding is up and a couple of days to catch up with the system. Hopefully, this one will be higher, not lower 

[Alexis321]

Question. If you make extra payments from money that's in your square account, why would it be pending? Im sitting at 85% and made a few payments from money already in my square account. 

TIA

[Twpchair]

I transferred from my Square savings to my bank account this morning, and it's always pending until the next morning. It might be a security feature or just processing time between accounts. When you initiated the transfer, you likely received a confirmation email. Have you paid off or reduced a loan yet? That can take 7-10 business days to clear, and then you go back into the algorithm. Just wanted to remind you that it’s a process. Good luck with your loan! We need some offers popping up! It's been too quiet in here. 

[Alexis321]

What I mean is I already have money in my square checking account. I used that to make a few payments on my loan. So, directly from my square checking to my square loan. Not through my bank. It shows it as pending. I've had 5 loans in the past and always received new offers at about 80%. Not this time.

Im patiently waiting.

[Twpchair]

Yes, I understood you. It transfers over the next day. Now, when you go to make your loan payment it takes 7-10 business days to process. Once it is cleared you are eligible to update and go back into the algorithm. If or when, with no guarantees, it's hard to say. The last time I paid off a loan in the upper 80s to low 90s, I was 14 days (federal holiday) fell in there to process the payment and clear through the system. Then it took 2 days to go back into the algorithm. Through this process, I was already paid off from sales. Before paying off your loan double-check to make sure you don't have any offers. If you do it will cancel it out during this process. Good luck with your journey!

[Twpchair]

Unfortunately, depending when it's an ACH transfer and no weekends or holidays. I learned that the hard way too. I got lucky with the Monday holiday and late Tuesday night hit but still took till late Friday or actually Sat my time to finally clear. Anything new???

[Abby_M]

Hi @Infusion 

We appreciate you providing that information.

Your payment will show as a pending payment on your Dashboard and may also show up as a pending transaction in your bank account. Once the payment has been submitted, it can take up to ten business days for the payment confirmation and for your business to be re-evaluated for a new offer. Unfortunately we are unable to expedite this timeframe.

Hope that helps, please feel free to reach out to us directly if you have any other questions!

[brown17]

Well 71% doubled my monthly and weekly average.   No offer yet.  Positive note when i do get an offer less will go to pay current loan 😬

[Twpchair]

You nailed it! Right now you would be -30% even 90% it's still 2x more than the previous add in your increased numbers even an offer 2x high is like 4. Just keep plugging along and keep the sales up, the volume of swipes the dollar amount of swipes, and finally new customers. Plus your history and no negatives. Let me know what happens!! Good luck another one to watch!

[brown17]

74% ...Processing Daily.  sales customers etc are way up.   No offer.   Plugging away!  Im seasonal and I invoice monthly.   Some odd jobs in between and I offer sales to boost my processing up.   Sometimes my processing dollar amount goes to needs work, but I have received an offer with that being needs work in past.  

[Mohammad1680]

I did not complete my loan applications