It sounded like you were newer to loans. It's so hard to try and make a guess on it with the first few loans especially. Besides me telling you there are no guarantees of if or when the next offer might come. The difficult part is Square and the algorithm trying to figure out your processing pattern. With any new account, you have to start somewhere. The algorithm is a tremendous help for us to use but it's not a guarantee of an offer nor is it a bust if something needs work. Square takes into account your whole profile. Time with Square, previous loans are huge. All the good signs. Increase in sales, volume of swipes, and new customers. The algorithm is doing its job and crunching numbers and recording data. It does look at your account daily. If you can help it increase sales or boost the number of swipes maybe that might trigger it to take a 2nd look at your account. That's just a wild guess. Something has to! Good luck and Keep us posted ok.
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!
does anyone know what the little dark gray pie cut looking thing means when you’re paying off the loan does that mean I’ll get a new loan offer when I get to that point?
It's been running higher paid back this year as the Mods have a pinned post regarding loans of 2025. The key points are swiping = sales, the volume of swipes = more sales, and the metrics, which are a great tool; all green is a fantastic job, but no guarantee of an offer. Also, new customers vs returning = growth. All indicate a healthy business that's growing. This is where the metrics come in to see if you are up 2 to 3 times this time vs last year the same with this past quarter. Also, your past history and how long you've been with Square are considered. Keep swiping and get that algorithm to take a 2nd look at your account.
