Has Anyone received Square Loan offer in 2022?

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? 

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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.

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200 REPLIES 200

Did you have any luck? 

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Message 106 of 201
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First time with a loan offer . Kind of nervous. 

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Message 107 of 201
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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.

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Square Champion

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 

Doran

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Message 109 of 201
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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.

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Message 110 of 201
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has anyone received a loan offer yet I'm at 76% last one was in February also at around 75 % 

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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 ) 🙂 

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thank you! hope you get one soon aswell

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Message 113 of 201
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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 

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Message 114 of 201
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Mine says the same thing! Maybe there’s a glitch. My original loan amount is still decreasing. But my individual payments are not showing.

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Message 115 of 201
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@_Violet can you help?

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Message 116 of 201
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mine is like that also wonder what's up. 

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Message 117 of 201
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mine is still the same. how about yours

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Message 118 of 201
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my account is under review and transfers suspended.  wonfer if ill get an offer soon

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Message 119 of 201
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hello jus wondering if anyone has any info on this 

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Message 120 of 201
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I had an offer within 48 hours of being under review

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Message 121 of 201
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nice! maybe im next! fi ngers crossed

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Message 122 of 201
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im at 77 % waiting on my 4th over. any recent offers?

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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 

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hello! have you received an offer yet

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Message 125 of 201
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i received an offer lasst night at 86%

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