December 2025 Square Loans

[beautyspabrow]

This is my 18th loan with square, these loans have helped build my business tremendously since 2019. my lowest offer being 2100 to now paying off my highest of 38,900 - 80% paid off - always early pay off before the due date metrics.. I know the usual square verbiage "no guarantee of an offer, must be 3/4th paid for any hopes" etc.. just wondering if anyone please in similar shoes as me, has seen an offer in December yet? I desperately need this holiday boost , all metrics green and I could almost swear id have one by now .. usually I hit from lowest 54% to highest 87% but majority have been BEFORE hitting 80%... getting anxious. Anybody getting a loan recently?

[Abby_M · Accepted solution]

Hi @beautyspabrow 

Thanks for posting on the Seller Community.

We appreciate your loyalty when choosing to partner with Square for your past business loans. We understand that not being immediately eligible can be frustrating, but we are unable to override the automatic review process. Offers are based on many business factors including, but not limited to, your current payment processing volume, your customer mix, and your Square account history. At this time, we can’t predict if or when your business may be eligible for an additional Square Loan. At this time, we can’t predict if or when your business may be eligible for an additional Square Loan

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

[kacey_k]

Hey!!! All is good here!!!! 

[Twpchair]

Good here 🥶 after a couple of mild winters we are getting it this year! Winter was ok as a kid 😂 now, it’s start the truck, run to it fast and exit the same way! Hopefully, your in a warmer states!

[CTC18]

Sitting at 71% and still nothing.

[Area956nailart]

Same! 

[JentlySpecials]

Hey Everyone , 

just came to say that I got an offer today when my current loan was at 87% and the new offer was 50% less than the previous one !! But the offers are still coming in 

[JentlySpecials]

I was also approved with in ten minutes of accepting 

[Jerrysbar]

I'm at 98% paid on my 4th loan and nothing.

[Twpchair]

That could be the loan number you’re on as well. About loan 4-6 is where Square is really figuring out your processing patterns. It’s been 8 years or so since I was there but those were my longest wait times and also my biggest increases till that point.  Good luck!

[brown17]

I second this!  Around the 4th loan is where I saw my biggest wait time too.   It was 6 mo paid off before I received a new offer BUT I am seasonal so it was during my slow time I waited the most.      After that my offers increased and came sooner 

[ChefSouthpaw]

Finally got an offer at 87%, i had given up, but offer was 50% less and i still owe about 5k so i didnt walk away with much. Was approved in 10 mins

[Twpchair]

Thank you for the update! Hopefully, the next is bigger!

[nyallblacks]

I was reading through the Square Loans page details, and read that Square has started doing soft credit pulls for loan eligibility. It now makes sense why there seems to be less loans, longer renewal times, and lesser approval amounts.

[Abby_M · Accepted solution]

Hi @nyallblacks 

Appreciate you taking the time to post.

Square Financial Services may perform a soft credit check for the purposes of evaluating your business for future credit offers. Please note, this is a soft credit check so your credit score won’t be affected . Please visit our Support Center for additional information.

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

[Jerrysbar]

Just paid off my loan 10 minutes ago!! Although the money would be helpful, I may just start putting an extra 16% into savings so that I dont have to pay a loan fee and in a few months I'll have the money.

[TheRealChipA]

@Jerrysbar I do that all the time for small projects or goals that are immediate needs.  It's definitely the most financially literate thing anyone can do to really help jump-start their business.  I took out my most recent (rather large) Square Loan to force myself to retire some ill-advised debt within 12-18 months.  That's pretty much the only reason I'll ever get a Square Loan anymore.  I recently added up all of the interest I've paid over the 13+ years in my current business.  Let's just say that I hate myself, now, thinking about everything I could have done with that wasted money!

Of course, loans are sometimes needed and wise, for sure.  But to live or die by them is pretty much the road to business ruin.  Good for you!

[nyallblacks]

So basically, you are confirming what I stated. Up until recently Square Loans were based solely on your processing through Square

[brown17]

They have always done a soft pull, but its not based on your credit, it's based off your processing and ability to pay it back through that processing.     Doesn't really affect your chances.   

[CTC18]

73% and still nothing. Processing as usual and on track for another great month. Super discouraging.

[Twpchair]

Of course everyone is different but on the whole lately it’s been trending higher paid back. Very few I’ve seen in the 70s in a while now. Good luck, please keep us posted.