Hey there @VLPSEP.. So there is always a chance that it will improve. There is also an equal chance that it will be less. I do have a question. You said you have 30% more transactions this year. Does that also mean that your card processing volume also increased by 30%? This is the number you should be focusing on, since card processing funds are the only funds that Square can use to repay your loan. I ask this question because of this.
Let's say that most of your 30% increase was in cash sales, rather than in card sales. If that is the case, then the loan algorithm will see your sales are flat and that is not considered a good thing for merchant cash advances. And, if you are more cash heavy this year and actually are processing less in card payments than before, then that would definitely be a big factor in a lower offer.
Another thing to consider is the length of time it took to get to 86% on this loan's repayment. Square would prefer to see loans being paid off in a year or less, though they do allow for 18 months. If it takes longer than a predetermined average to pay off a loan, this indicates more risk -- especially if there were any two-month periods where the minimum was not paid off in card sales and had to be "made up."
I'm just throwing spaghetti at the wall, just food for thought. Good luck.
Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)
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