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. 

[Ralphael84]

I’m fully paid off hoping for one as well but you never know all green 40% improvement in the last 3 months no charge backs failed debits No reviews never behind on payments I don’t know what else to say but hopefully we’ll get something soon 

[AD27]

All green and 100% paid off but no new offer. I have had 3 loans through Square. The 2nd & 3rd one came in at 70-80% paid off. All my markers are green and business is growing. I wish there was some information on why loan offers have slowed or what the unknown metrics are measuring. Square Loans have helped my small business tremendously. We use their checking and savings too. I’m hoping for something soon. I’ll let you know if we receive an offer. We met 100% paid off 2-3 days ago. 

[AD27]

Update: we got an offer on Sunday and accepted it. So thankful. It was a little more than the last loan and was fast. 

[HalalBbqSlayer]

98% Paid off and no new offers!

[GlitzyCow]

Anything yet? How long ago was the loan given?

[Skitchens39]

I thought it was just me but apparently something is effecting the loan offers because we should have received a very good offer by now 

[ZOKZAC]

Has anybody else’s eligibility page not been updated the last two days? Mine is still timestamped for June 12. 

[Paulynne]

I’ve always paid my loans back via sales and they have really helped us grow, I appreciate Square so much for that. We are at 61% paid off. I hope an offer comes soon so we can get more inventory for the Summer season. We realllly need it. 

[ejeje12]

I'm at 83% paid back 8 months into my 3rd loan.  No offer yet.  Business is up by 45%.  Previously had offers around 60-70% and really could use an offer for summer inventory now.  

[cardtraders]

We are 65% into our first loan. Loan was not too large, but came literally a few days after the 6 months of processing. 

We've paid off 65% in just under 2 months. All metrics are green except for "Current Loan Payoff". Will be interesting to see if we get another offer at some point, or if it waits until after the loan is paid. 

At current pace, loan will be paid off in a month or two. 

We do use the full suite of products - loyalty, etc so we can see the growth on customers, average sales, etc. Obviously the computer just makes its decision but will be interesting to have a baseline for our next one. (We are around 145K in card processing in first 8 months). 

[cardtraders]

Ironically after I posted this, we had a loan offer within the next two days. Looks like based on our metrics with consistent funds coming in a new offer came at just over 65% paid. Took a bit longer to approve (2 days). First loan was approved within 10 minutes of us accepting. 

2nd loan was about double the initial loan. Slightly higher repayment rate, but I expect we will pay this one off again within 4-6 months. 

I suspect it's a combination of both your payment history, number of transactions from both new and old customers, etc. We use the full suite (loyalty) so we can see consistent trends around customers and transactions. 

[Sknight23]

82% here and have usually gotten an offer but nothing so far. I check daily but hate how it just doesn’t tell you and you can’t call😩

[photoguy2019]

Wow its been so slow lately 😩 i check daily as well 

[Gladonne]

70% paid on 4th loan, hoping for offer soon. Last loan was given at around 50% and my biggest. Praying for a bigger loan and soon. I love square loans and they help buisness grow.

[Jjpainting]

This is what I need. A loan offer when only 55% paid off. My first loan was in early April and only $2500. They didn’t offer me my second loan until I was 100% paid off which was in and then got $7100 end of April. Third one came early august when I was 80% paid and was $8500. I’ve been with square just over a year (when I started my own business)  and did around $130k in card processing.  People have commented on here saying that there loans are around 13% of what they process through cards over the year and would be amazing to get an offer like that right now. But I’m guessing that I won’t receive an offer until I’m at least 80% paid.  

[CSFM]

Same here no offers yet 95% paid off 

[Gladonne]

Anybody get a loan offer recently 

[trmapmck]

I’m at 98% on my 2nd loan with all green  lights. 🤷🏼‍♀️ I could really use an offer and wish I had a clear understanding of this system selecting and offering. 

[Dena19]

They waited to give me a new offer 1 day after I paid it in full

[Gladonne]

76% still nothing

[OceanHills]

I'm on my 5th loan. I usually get an offer at 75%. This past one was my biggest offer so far and was at 50%. 

Not sure why. I'm hoping again it's offer at 50%. 

More than percentage i noticed they come in at the 3 month mark