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. 

[DD_2019]

The page that shows the green eligibility markers is now gone for me and has been replaced with a screen saying I’m not eligible for the square loans program. 

[Swain]

That’s odd. Mine is still there. 

[Me2018_]

I noticed, usually it goes thru that before an offer comes out .good luck

[DD_2019]

It’s back to normal since the daily update today. I’m at 84% and no offer yet. 

[Lshaver60]

I’m at 85% and on my 5th loan and have paid off every single loan in half the time a lotted to pay back! I’m not sure what is going on and why I have not been offered another loan which I was counting on to continue upgrades in my building which will add more revenue down the road!  
They should be consistent with their offers!  Once you are approved and have good pay back history it should be automatic for offers!  Don’t like that when you call there you can’t talk to people in certain departments!  
they want to be with the big boys in processing but they do not have access for you to speak to someone when you have issues!  Like when they put your account on hold for 2-3 days to review it!  Who can go like that when you operate a business and don’t have access to your money!  I have a bar restaurant and I need access to my money everyday to buy product etc. and the biggest problem is they don’t tell you!!

lots of issues they need to fix!  

[danengine2004]

Do not count on a loan any longer - I'm at 94% latest Ive ever had to wait is 86% - There are no loan offers going out at all right now - Square is pausing the program. 

[ianssoph]

Not true. I received a 43k loan august 6 in the afternoon. Was approved Monday and instantly deposited. I was 76% repaid.

[aceshighcyclesh]

This just happened to me as well. 81% paid off and this is the 10th loan through square. I’m usually offered another loan at about 70-75% paid. Was showing all factors on Sunday, then today I got the random not eligible screen too. What is going on?

[DD_2019]

I have no idea. Mine was back to normal  the next day. I still haven’t received an offer though. I’ll let you know if I do receive one though. 

[aceshighcyclesh]

sounds good. I will do the same! good luck!

[Me2018_]

Hopefully you should have an offer once it gets out that so called hibernation mode. Good luck. You mind sharing with us how long you been on your current loan, amount and percentage. Most of  us i. This thread seem to be on our 4th-6th loan. Seems as though you nay have mire experience with it.

[aceshighcyclesh]

My current loan was for $12,500.00 with repayment rate of 13% daily sales taken in June of '22.  I have been repaying since late June when the loan went through so about 9.5 months. We are a seasonal business so our card sales dipped a bit December-February. Hopefully that is what is going on! Could definitely use the boost for spring inventory! 

[AllNewU]

Did you receive an offer yet? I am at 81% paid. My processing is almost 900K to date for the year. Still no offer and honestly don't need square. I can go elsewhere and am starting to look at other offers. I sent a message telling them I was looking elsewhere and received a form letter with understanding my bogus ineligibility of being declined a loan. The only funding i have been denied is Square Capital. If you do have a new offer can you tell me the rate for repayment so I can compare to determine if I want to wait or seek other funding? Once I am paid off I am out and thinking Stripe is my next CC processor option. Starting to look now since Square is okay with loosing a 1.2M dollar customer. I am currently at 860K in mid July with my busiest months coming. Hoping to hit 2M this year. 

[Dolledup2018]

Click on the not eligible and it will open all those eligibility factors you are use to seeing: they are still there 

[Dolledup2018]

I replied earlier about this thinking that it was were you weren’t clicking details but now my account just went blank too where it shows the same message you are getting. I am going on to 79% paid and all green and well above payment schedule. Now it’s shows now eligible? 

[aceshighcyclesh]

Exactly what happened to me… I got a replay back from the management of square loans and they gave me a super vague answer  stating that due to my current account activity I was not eligible?? similar to the generic message and said they can’t go into detail? 
this is bizarre… glad to know it’s not just me.

[Dolledup2018]

Mine just changed to this also 😬 any offer yet for you? This is driving me CRAZY!!! 

[aceshighcyclesh]

no offer, no looking at eligibility factors, just that message of being ineligible?

no info from square, very frustrating.

[Dolledup2018]

I am 78% paid, was showing all green yesterday, and I am always way ahead of paid schedule and then last night it went to the ineligible screen…I’m so confused

[aceshighcyclesh]

That is the exact same situation I am having. I am also very confused. Always paid off ahead of schedule etc. not sure what the heck is going on. I had someone mention that it could be they've changed eligibility requirements and are being much more frugal with lending at this point due to the state of things...maybe but I don't know. Definitely frustrating!

[FreshPrintsSW]

Same. This is why I came here. Has this changed for you at all?