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. 

[Joeyr437]

83% paid off.

All criteria are "good" besides loan repayment it says "in progress"

Process 340k a year

9th loan so far 

Last loan was 47k.

Still waiting for new offer...

[Koleen1234]

I am still waiting - it will come 

[Joeyr437]

What percentage are you currently at?

I have usually always gotten mine at 60%-75%

This is the most I've paid back. I'm at 44k paid back 8800 left to pay.

[PricklyElder]

Someone’d said earlier that it seemed like larger processors weren’t getting loans and it made sense to me… In any other circumstance I would never consider myself a “larger processor” w/ ~$550k/yr, maybe square does? Especially now that I’m seeing a similar scenario to mine. 

[Joeyr437]

My buddies that share a parking lot with my also use square.

They got a 150k square loan end of May at around 70%.

They're around 550 600k a year.

[PricklyElder]

This was the first of 7 loans that I paid the full amount before getting a new offer. Been paid off since the beginning of July, all green, metrics up and nada. 

[GlitzyCow]

That’s exactly where I’m at also. Around 400k in processing so far. Just because we process that much doesn’t mean we don’t have just as much it more in overhead and operating expenses. It doesn’t make sense to me why we aren’t receiving offers. 

[Sunflowersconsi]

I just received my loan offer and boy was it really low. It went from $10,150 down to $4,200. It feels like an insult but at least it finally came through. I was at 91% paid.

[lisap1970]

If you don’t mind me asking was all your sales the same ? No big changes ? 

[Koleen1234]

My sales are good and consistent. I process everyday. I usually would see a loan come thru at around 70% paid off. I am at 76% paid off and nothing. I am getting nervous. I count on my square loans 

[lisap1970]

I’m right with you. I’m at 81% and nothing always had N offer by now. I use mine for inventory for the holiday season.

[Koleen1234]

I feel we all are in the same boat.  But curious has anyone received funding in the last week? 

[Hotbear1]

I feel the same way from $16,600 to 3,700 what in the world they going backwards and our sale are way way up square has to do Better by its customers 

[photoguy2019]

Wow they are unbelievable! my first one was $1,300 and second one was just $800.. sales have increased so hopefully they give me a better offer this time im currently at 32% repayment 

[Jjbeautyco]

I’m not sure if it coincident or not because i connected mine and received offer 3 days later but also hit 70% and I’ve always received mine between 50% -70%.  

[ClareJ]

Thank you! I was against it, but I’ll add mine to see if it helps.

[photoguy2019]

Thanks for this info im currently at 61% and all green. I will add my banking to see if that does anything for me :).

[ClareJ]

Keep us posted if it works for you!

[photoguy2019]

ok will do 🙂

[GlitzyCow]

I added mine 8 weeks ago. I’ve been paid for nearly 10 weeks on my 12th. I haven’t received another offer. Just shy of 500k processing for the year. 

[Koleen1234]

Mine has been connected for over a month and no offer 

but happy for you that you received and offer:)