Has anyone received a square loan offer in 2022? For some reason it says I’m ineligible, however I was just offered 100k in Nov. I turned it down because the payback rate was 17% so that means with a good Dec, they would’ve taken $51,000 of my profits in just 1 month. I did a thumbs down on the offer because of that. Does rating the offer poorly take me out of receiving offers?
I have always received offers between 60%-80% paid back. They don’t give you their exact algorithm for offering a loan, but if you login to your dashboard they now give you more insight as to why your business hasn’t received another offer yet. It basically goes off how much you are processing and the mix of new to old customers. Best of luck to you! I am on my 10th loan and the offers always exponentially increase for my business.
Did you have any luck?
First time with a loan offer . Kind of nervous.
Are they still doing the loans? I’m 85% paid off with everything green and in the good. Starting to look elsewhere, but I’ve been with square forever.
Yes, they are but I know they have a huge backlog of applications right now. One of the Square loan team members posted a few weeks ago about it. https://www.sellercommunity.com/t5/Square-Loans-Discussion/bd-p/capital-faqs
Hmmm thanks, yeah we haven’t even received an offer. Always paid and months early. Weird, I love square been here with them since 2016 but might have to look else where.
has anyone received a loan offer yet I'm at 76% last one was in February also at around 75 %
Funny how it has changed , no more offers as often , its been a year and I've paid them way earlier then my due date and have had 3-4 loans and all paid in full and not ones late . Seems like i am not the only one asking why no more offers ?? I hope you get one ( offer ) 🙂
thank you! hope you get one soon aswell
this might be a weird question but i just checked my loan payment activity anf nothing is showing for October does anybody know why this might happen even though there has been automated payments made on the loan as of yesterday
Mine says the same thing! Maybe there’s a glitch. My original loan amount is still decreasing. But my individual payments are not showing.
@_Violet can you help?
mine is like that also wonder what's up.
mine is still the same. how about yours
my account is under review and transfers suspended. wonfer if ill get an offer soon
hello jus wondering if anyone has any info on this
I had an offer within 48 hours of being under review
nice! maybe im next! fi ngers crossed
im at 77 % waiting on my 4th over. any recent offers?
No I was actually wondering the same thing. Usually I am offered a new loan when I am almost done with existing loan. I have not received anything. Waiting though
hello! have you received an offer yet
i received an offer lasst night at 86%
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