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]

Mine has done this same thing today. It was fine yesterday and now today, I can’t see anything anymore. 

[DD_2019]

Mine is back now. 

[BeeBraids]

Where do you see your markers? I see everyone saying it but I have no idea where to look. I currently have a loan with them. Could you tell me where I should be looking in my dashboard plz! 

[beautyspabrow]

I’m at 87% paid, 6th loan all of them paid within 4 months. 123,178.00 in sales starting my January 2023. NO NEW OFFERS 😟 All markers are green, no chargebacks etc. 

[912guy]

yes its weird , I am at 87 percent myself, my largest loan was 31k... and this is my 12th loan.. Usually by now we hear something but I am not banking on it this time due to the banking system. I have everything in green also... Square is a very unpredictable system that can mislead a business if your counting on this system. They told me once that a computer did the actual calculations and loan offers.. They said they had nothing to do with it on the personal side..

[beautyspabrow]

You said your not counting on it due to the banking system what do you mean exactly?

[912guy]

sorry for delay just seems with so many banks having issues and the economy on the edge of failure....seems like banks are not so easy with loans...

[Beangirl]

Checked my markers, we are at $29k for this month. They have all the green check marks except frequency of invoices. Apparently the $ amount in sales good but the number clients I have is lacking. $62.7 in sales since January 1st. On track to exceed our $259k from last year. Still no offer. I guess we wait and see what happens. 

[brown17]

35% of my customers this month were new.... Doesn't seem to matter.   I can't quite figure out what the qualifications are for the system to generate offer.    If you go by what is posted in Faq section I should have an offer 

[912guy]

really no sure way to know if you will get a offer..

[photoguy2019]

i agree i have have a lot of new customers and still nothing. Offers are very low as well i think my highest one was 1,300

[moxiemavenandco]

Has anyone determined if paying their loan early allows for a faster offer of the next loan? I have always opted to have the percentage taken out of sales because I feel it’s easier to track and kind of “out of sight, out of mind”.  I typically receive an offer bi-annually as 6 months seems to be about the amount of time it takes for me to pay about 50-60% the previously loan off.  I’m at 69% of the loan from November & fund myself nervously checking the dashboard daily😅😅😅

[ejeje12]

I've read that paying off a loan early actually may take longer for an offer to come through.  

I'm literally just paying off the loan fee at this point and still no offer.  

[GlitzyCow]

I’ve been paid off for a week and nothing. It’s my 11th I think. Usually offers way before now. The last offer was low and I’ve actually paid it off before the first payment was even due, which is august 14th. I didn’t make any extra payments just what they automatically deduct. Square has always helped but I’m just discouraged even more with each day that goes by. Still hoping I get an offer soon. 

[photoguy2019]

Did you ever get a offer ? i’ve been experiencing the same issue im currently at 32% i know an offer won’t come anytime soon but i have saw someone say they had one come at 40%, i just wish we knew the algorithm.

[Stefanieblue]

I finally got an offer today after they sent me a confirmation that my previous loan was paid off.  Around 3 today as I was processing a transaction I saw I had a notification stating I have been offered a loan… I did take it … it’s taking 20% of my daily sales which is higher than usual.. I figured the higher the loan amount the higher the interest rate… it took about a week for everything to settle…

[Mollick]

It’s been three weeks I paid off my loan one week ago. I got a confirmation email from them but still I didn’t get any new offer. When did you get the confirmation email today or one week ago?

[Stefanieblue]

I received it this morning around 6 this morning..then I received my loan offer around 3 this afternoon 3/31/23

[912guy]

This is my point all along...seems like with some banks failing square is being cautious about loaning. 

[BeeBraids]

Hey what does the payoff confirmation email say? I’ve been at 100% since 3/15/24 but I haven’t gotten an email saying “you’ve completed” or “thanks for paying off” or anything like that…. 

[Mollick]

How long you waited after you paid off loan to get a new offer ?idk when i will get new offer .