Has anyone received a loan offer in 2023?

[Blackbear579]

I'm at 71% and usually see a offer by now (between 65%-70&).

[#2]

I'm where you are at (minus the actual loan offer part.) Sale are up about 60% over a year ago and processing is up about 65%.  All the other things are in the green.

I think most people's frustrations are that it's just not transparent and there isn't a clear goal to strive for. It is also disheartening to just be told the same quotes over and over. It comes across as uncaring and impersonal. Which if that's the case is fine, that should be conveyed to clear up misconceptions and so people don't get their hopes up. It would also come across as more professional to state those things (economy and such) from Square itself. It would let people know where they stand and can make appropriate decisions. 

[PartyManiaMD]

I received my most recent Loan from Square in February. I believe it was at 75% or so payment of the last loan when the offer came in.

It was literally when I was in a crunch for cash which was nice, so hang in there and if you need a loan it will hopefully come through in time. It's still better than the offers not coming from the bank LOL

[DinaLRosenberg]

We have a currently offer but we've never taken a loan with Square.

[Me2018_]

Will do the same

[OwensMarket]

I am at 84% repaid and am ahead of schedule on my loan. I am not getting the screen that shows the green just the not eligible at this time screen. This is my 2nd loan. Need some new equipment for my store 

[Rayhubbard]

I just paid off my 4 loan with square and am waiting to get another offer but have not received one.

I have more customers then I've ever hade and processed more card transactions then ever but for some reason have not received an offer yet.

As business keeps growing I really need to add another vehicle, so I'm waiting myself. 

[Dolledup2018]

At 80% today and back to the eligible screen after being on ineligible for 3 days. I have paid more off in this loan than I did my last: this is my 10th loan with square and normally I am offered loans around 78%-79% every single time. Sitting on 80% and nothing and I need this loan more than ever! 

[YPC]

Like many people I used to get a new loan offer after around 70%. But the last 2 loans were only offered after the loan was paid 100%, but I would get a loan offer that day, or the next day. I am currently 83% into this loan and all the eligibility requirements are green except that I still paying down this loan.  Really, Really hope I get an offer soon or as soon as I pay off this one.

[RL35]

I have received 12 loans so far. This loan offer is for $15k this time, which is $2k more than the last one. My current loan is 75% paid off. I'm also making more money this year than ever. My sales are always going up. 

[RL35]

I'm not sure what the white screen is but it always said ineligible for another loan but I was green in all categories. I'll post when I get a decision either way.

[Me2018_]

How were your  increases thru out your offers?

[Me2018_]

Wow thats great to hear .i’m assuming you been with them for about 5 years or so 

[Mapiolj6]

1750

[Mapiolj6]

When I can receive 

[TheRealChipA]

A friendly word of advice to all.

It is never a good idea to share any sensitive account information, especially sales metrics and trends. This is a semi-public board. You should always assume there are bad actors here who could use such information to scan or harm you and your business. It is not recommended that anyone share things like average sales, loan amounts, etc, for example. 

The screen shot below is from the Community Etiquette Guidelines document. 

 

[Bonzy2010]

Received offer at 81%.

[bsa77]

I have hung in with square for along time. Partially because I have wanted to get my loan paid back quickly and then planned to move to a different processing company to save overall money on the fees . The only bonus for me personally is the square loans they offer. However going on probably my 12th loan now I am at the most 95% paid back with no offer in site. If I make it to 100% it will be the parting of square for myself. Iit they don't have to give you loans and I completely understand they have an algorithm but when you have had an account with extremely high sales , zero I mean zero issues bringing in the same volume and they say my volume need work it is an insult to me! I am processing the same amount but in one invoice for my clients rather than 3 invoices being paid over a short period. And I have high volume sales!  It doesn't show much appreciation to their customers that are making them alot of money in return. I am looking into other processors this afternoon since we are now 95% paid and zero reason not to have an offer

[aloha808]

I just received an offer for almost less than half of my previous loan at 88%... Disappointed, especially since sales have been greater this year.

[CTC18]

Currently at 82% paid back on my 9th and highest loan yet with Square. I’m $20k ahead on payments. Credit card sales are up 20% this year to last year. Processing volume this month alone is up 15k. Processing frequency is up and at 2493 the last month when an average month is 2095. I’m blowing all the checkmarks out of the water but nada. Typically have an offer between 70-75%. It’s gotta be any day now. 😅

[CTC18]

Received an offer tonight at 11pm. Was at 83% paid off on previous loan. Didn’t have an email or an alert on my dashboard. Went into the loan and saw it there. It’s for 25% less than my previous loan although sales, credit card processing are all way up. I’ll still take it! Applied and had approval within 15 minutes.

[ZOKZAC]

I am so confused. My card processing volume switched to needs work Monday, then back to good yesterday, then back to needs work today. My processing volume and sales are up tremendously. I am now at 85%