2025 square loans

[Arminius]

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

[Abby_M]

Hi @Mohammad1680 

Thanks for posting on the Seller Community.

Applications generally take 1-2 business days to review, but review may take longer. If additional documentation is requested for your loan application, the information is needed in order for your application to move forward. Your loan application cannot be reviewed if the request is incomplete. 

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

[brown17]

Praying to the square Gods I get an offer today.   Major car repairs over past few weeks and we could really use it!   76% Fingers crossed!

[brown17]

Very Quiet in here.   Makes me nervous.   I have been with square long enough to know loans can come early or late, but with no one commenting in here, me at 78% and sales higher than ever, I am nervous.    Usually there is someone in here that posts the stats of current square loans funded? 

[Twpchair]

They are still going out! In the summer it gets quiet in here. People are busy, it's nice outside, and most just don't think to post here. It has been trending higher % paid for most. The odd low 70s still pop in now and then though. 

[Tamara3]

I’ve been paying my loans off this year in less than 3 months. I’m in my 3rd loan since November because my monthly sales volume has doubled. I received an offer May 24, 2025 at 60% paid on previous loan and was only offered $1,000 more than my March loan but I took it. It’s only been 2 months and I’ve paid current loan 51%. I have been with square since 2017 never had any disputes and my sales volume is a lot higher this year. All of my sections are green and good for eligibility. I would like an offer that is more than a small bump if I’m paying these off in 3 months when will they offer me a loan that actually suits my sales ratio. I’m afraid not to accept a new loan because I know how crucial it is when it comes and don’t know when I may receive a future one. Has anyone received an offer at 52%-59%? 

[Erycka]

I’m at 88% & I haven’t received an offer yet. I’ve seen different percentage offers too. Mine normally comes by 75-76%, unfortunately not this time. 

[brown17]

I finally got an offer Friday.  81% and less than last loan but still helpful.    Definetly trending higher than normal but glad to see the offer and assurance they are still lending 

[Erycka]

Congratulations! It’s definitely good to hear you received your offer.👏🏾

Thank you for sharing! 

[Twpchair]

Congrats!!!! Thank you, for sharing it does help others.

[Twpchair]

Congratulations!!!! Thank you for posting! It does help others see that they are still lending. For the most part, it has been trending higher. Congratulations again!

[Twpchair]

This is one strange time that’s for sure! I have seen from 57% to a few weeks after completely paid. I don’t remember this much of a variance. All you can do is check the dashboard every day and keep processing those cards! Good luck. 

[Twpchair]

There are a few that pop in around the high 50s low 60s. 3 loans is a tough one really. The algorithm is collecting data and crunching numbers to get you an offer that will come close to last 18 mths, my first loan before metrics the first 3 were 2k, 1,500.00 and 3k after that as I grew so did my offers. Hopefully, now with the algorithm it will speed up the offers and the dollar amount,  good luck to you!

[Twpchair]

Your 3rd loan is where you are building a relationship with Square, and they and the algorithm are getting the data from your processing. It’s been years since those days. I do remember, along with others who are currently posting as well. 1-3, #4 loan seems to be about the timeframe that my loans started to adjust to match my processing. The metrics are a great tool for us, but they are not a guaranteed all green and loan time. The biggest thing with Square is your history, time with Square, and prior loans. All of those are taken into account. It’s been pretty tight for most in general, so the best thing you can do and everyone is continue to swipe every day, increase the amount of the $ swipe, new customers vs. return customers, and no negatives if you can help it. Growth is key right now for an increase, and that’s never guaranteed either. Square is looking for good, solid, and growing businesses vs. just making it from loan to loan type thing. I am not directing any of this towards you or your business, just in general and for everyone. I looked back years and years ago; loan 4 and 5 took a good jump for myself. From there, as I grew, so did my offers. Good luck, and keep swiping as much as you can.

[B-dot]

I guess my prediction is wrong....

I am now at 100% paid with zero offers. 

On Saturday morning I was at 97% paid, and then they randomly put on a service credit for $1600 that made my account 100% paid in full. I was asking what the service credit was and why I got it, and no official response until today...

... The person I talked with didn't know why I had a credit. They said they had to escalate it to the next level to get a firm answer. 

I called in a second time as I wasn't quite satisfied with that response. I asked if this service credit is going to affect my eligibility at all and the response I got was "yes".."it's considered a prepayment and will have an effect on your standing".

WTF????

I didn't ask for this credit nor did I authorize them to apply this so-called credit to my loan. Why should I be penalized for getting a credit? 

I'm absolutely not happy anymore. I don't need the loan by any means, but we always use the loan as an investment into our business. It is always grateful when we do get the offers. But to be penalized because I get a credit on my account makes absolutely no sense. Unimpressed.

[Twpchair]

Did they ever say why now, or what it was it was exactly for? You are correct by adding it as a “payment” it adds 10 business days to clear and once that is done 1-2 days to get back into the algorithm. I learned the hard way 1x by paying off a loan in the 90s when 2 days of sales would have taken care of it. Now, I only pay back on it in the 50% off range. Unfortunately, you didn’t have much of a choice. Hopefully this will get pushed through. Good luck to you!

[B-dot]

They still have not sent an email or contacyt me to say exactly what that credit was for. That's the part that's bothering me the most. 

To Give me a credit this late in the game for absolutely no reason makes absolutely no sense to me

[Twpchair]

Without getting to the right person in the loans department all I can do is guess like you? I know metrics have been running slow, loan payments for a bit last month were also behind. I had myself 4 hit at one time, same with my square savings. This has been addressed and seems to be updating every night. Did you have any equipment payments, savings that applied to your loan? I would definitely think if they applied over a 1k into your account and towards your balance they would have sent an email or to contact support for further information. It’s great that they refunded you for something but the timing at your percentage paid back just put you back for an update. I really do hope you don’t have to wait the full time. 

[B-dot]

Our equipment is at least 6 years old and pretty much outdated lol.  I've looked at the loan payments, and they've done a couple of loan payments refunds (totalling under $10), but nothing sticks out where I would get a $1660 credit.

I've looked at the merchant processing fees that we've paid since the beginning of this loan, and they seem correct 

So yeah, this $1660 credit is making no sense, and the only response I'm getting is "we will escalate to the next department for an answer" and getting absolutely no answer when it comes to "why" 

But to get a response that this credit is negatively impacting my potential for a future offer has angered me.

[B-dot]

Got a firm response after 6 tries.  They said it was an overpayment of previous loans.  

I was very satisfied with the outcome as to why I had this credit.  She assured me this credit will have no negative effect on future loan potential....even though her colleagues said it would.  She was quite helpful.  She even said my stats looked "great".

Now officially 100% paid after 5 days....let's keep our fingers crossed for a loan so I can invest and grow!

[Twpchair]

Perfect! I  am so glad to hear that you 1 figured it out and 2 it won't hold you back. Back in the algorithm for you!!! Good luck and thanks for the update!

[Mpechlys]

Been so busy at the shop I haven’t been able to check in, but unfortunately these chargebacks I get are insane, i had a very very hard customer to deal with, after I fixed his car I refused his next service cause he just kept adding on and adding on and adding on, WITH NO MONEY. He than files a dispute, either way I filed a small claims civil court, I refuse to lose this chargeback after he received a brand new transmission, this is my second chargeback I lost the first one with the whole stolen credit card ordeal, now this one I refuse to lose. Any how my whole loan thing disappeared it doesn’t show me the stats any more, just says your not business isn’t available for a loan. Did square take that out or did my dispute have something to do with it?