For those who paid off their loans early.

[Twpchair]

Paid off your loan early without daily sales doing it. Roughly, how long did it take before your next offer? There are a good handful who have and hopefully, this will give them a rough idea. They understand everyone is different from each other just looking for some feedback of rough timeframes. Thank you, for helping out. 

[Abby_M · Accepted solution]

Hi @Twpchair 

Great question - I’d be happy to explain.

Once a prepayment has been submitted, it can take up to ten business days for payment confirmation and for your business to be re-evaluated for a new offer. Keep in mind repaying an existing plan does not guarantee that a business will be eligible for another offer. New offers are not automatically extended when a certain percentage of an existing loan is repaid. 

For more information about repayment options, visit our Square Loan Repayment FAQ.

Thanks for your post, we appreciate you reaching out to let us know! 

[Twpchair]

Thank you! I made the post as a user who wasn't sure how to do it was looking for a rough idea. I explained its hard to always gauge because I have seen some 2 days after till 2 mths. We are all different from each other and process differently from swiping all day to invoices. He wanted a rough poll-type thing.